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Consumer Expectations

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Consumer Inflation Expectations Hit 3.9%, Highest Since 2023, as Fed Weighs Rate Hold
economy6 days ago

Consumer Inflation Expectations Hit 3.9%, Highest Since 2023, as Fed Weighs Rate Hold

The New York Fed’s September Survey of Consumer Expectations shows one-year inflation expectations rising to 3.9%, the highest level since May 2023. This surge coincides with a 5.5% expected increase in household spending. While the Federal Reserve is expected to hold interest rates steady in October, long-term market indicators suggest significant future rate hikes due to persistent energy costs and bond market volatility.

via CNBC|
#consumer-expectations#economy#energy-prices
"Rising Inflation Frustrates Consumers and Delays Fed Rate Cuts"
economics2 years ago

"Rising Inflation Frustrates Consumers and Delays Fed Rate Cuts"

Consumers are becoming increasingly frustrated as inflation expectations rise, with the latest University of Michigan survey showing an anticipated inflation rate of 3.1% in the next year. This comes after a period of declining expectations, signaling a potential stall in the inflation slowdown. The Federal Reserve has emphasized the importance of public perception in managing inflation, with Chair Jerome Powell highlighting the significance of maintaining expectations at the 2% target. While economists don't view the current inflation expectations as a serious concern for the Fed, the rise in expectations could raise some eyebrows.

via Yahoo Finance|
#consumer-expectations#economics#federal-reserve
"US Consumer Inflation Outlook Hits Snag in February, Posing Challenge for Fed"
economics2 years ago

"US Consumer Inflation Outlook Hits Snag in February, Posing Challenge for Fed"

The Federal Reserve Bank of New York reported a deterioration in the public's expectations for longer-term inflation in February, with respondents projecting a rise in inflation rates three and five years from now. This development may concern Federal Reserve officials as they prepare for their upcoming meeting, despite their expectation to hold rates steady. While some recent inflation data has been stronger than expected, survey respondents also projected ebbing price rises for medical care and college, steady food price gains, and declining rent price increases. Additionally, respondents held steady on their expectations for future income and earnings growth but were more pessimistic about job market prospects and credit access.

via Yahoo Finance|
#consumer-expectations#economics#federal-reserve
"New York Fed Survey: Americans Anticipate Prolonged High Inflation"
economy2 years ago

"New York Fed Survey: Americans Anticipate Prolonged High Inflation"

The latest New York Fed survey reveals that Americans expect high inflation to persist, with median expectations projecting a 3% inflation rate one year from now and 2.7% three years from now. This indicates that sticky inflation could be a long-term concern. The survey also shows growing concerns about the labor market and household finances, with increased worries about job loss and decreased optimism about credit access. Fed Chair Jerome Powell emphasized the commitment to bringing inflation back to the 2% target before considering interest rate adjustments.

via Fox Business|
#consumer-expectations#economy#federal-reserve
finance2 years ago

"US Consumers' Optimism Grows as Inflation Expectations Fall: NY Fed Survey"

The Federal Reserve Bank of New York's January 2024 Survey of Consumer Expectations reveals improved perceptions and expectations of financial conditions and credit availability among households, with unchanged inflation expectations, mixed labor market expectations, and increased optimism about future credit access. Median expected household income growth and perceptions of credit access have increased, while the mean perceived probability of job loss has decreased. The survey also indicates improved perceptions about households' current financial situations and expectations for the future.

via Federal Reserve Bank of New York|
#consumer-expectations#credit-access#finance
economics2 years ago

"US Inflation Expectations Hit 3-Year Low, According to NY Fed Survey"

The December 2023 Survey of Consumer Expectations by the Federal Reserve Bank of New York reveals a decline in inflation expectations across short-, medium-, and longer-term horizons, reaching the lowest level recorded since January 2021 at the short-term horizon. Earnings and spending growth expectations also decreased, while perceptions of credit access and households' financial situations improved slightly. The survey provides insights into Americans' views on job prospects, earnings growth, spending, and access to credit, and includes measures of uncertainty regarding consumers' outlooks.

via Federal Reserve Bank of New York|
#consumer-expectations#economics#federal-reserve-bank
US Inflation Expectations Hit 3-Year Low, NY Fed Survey Reveals
economy2 years ago

US Inflation Expectations Hit 3-Year Low, NY Fed Survey Reveals

The New York Federal Reserve's Survey of Consumer Expectations shows that Americans' median expectation for inflation has dropped to 3%, the lowest level in three years, indicating increased optimism. However, expectations for longer-term inflation remain above the Fed's 2% target, suggesting persistent inflation. The survey also reveals expectations for the cost of food and rent to decrease, while the cost of college education is anticipated to rise. Fed policymakers are closely monitoring consumer expectations as they play a critical role in shaping actual inflation. Chairman Jerome Powell has reiterated the Fed's commitment to reining in inflation, with officials considering a pivot to rate cuts in 2024 as signs of a cooling economy emerge.

via Fox Business|
#consumer-expectations#economy#federal-reserve
US Inflation Expectations Plummet to 2-Year Low, NY Fed Survey Reveals
economy2 years ago

US Inflation Expectations Plummet to 2-Year Low, NY Fed Survey Reveals

Americans' inflation expectations have fallen to the lowest level in two years, according to a survey by the Federal Reserve Bank of New York. The median expectation is that inflation will be up 3.4% one year from now, down from a high of 7.1% recorded in June 2022. However, consumers anticipate that it will take longer for price growth to slow in the longer term, projecting inflation to hover around 3% three years from now and at 2.7% five years from now. This indicates that sticky inflation could persist, remaining above the Federal Reserve's 2% target. The survey plays a critical role in determining how Fed policymakers respond to the inflation crisis, as actual inflation depends, in part, on consumer expectations.

via Fox Business|
#consumer-expectations#economy#federal-reserve
Financial Worries Rise as Access to Credit Becomes More Difficult: New York Fed Survey
economy3 years ago

Financial Worries Rise as Access to Credit Becomes More Difficult: New York Fed Survey

American consumers are increasingly concerned about their ability to access credit, with nearly 60% of respondents indicating that it is harder now than a year ago, according to a New York Federal Reserve survey. This comes as interest rates have risen and banks have tightened lending standards. The survey also revealed mixed expectations for inflation, with respondents anticipating higher prices for gas, medical care, food, college education, and rent. Additionally, worries about job security have increased, despite a relatively low unemployment rate.

via CNBC|
#consumer-expectations#credit-access#economy
"Ford CEO's Eye-Opening EV Charging Experience Exposes Reliability Issues"
automotive3 years ago

"Ford CEO's Eye-Opening EV Charging Experience Exposes Reliability Issues"

Ford CEO Jim Farley experienced the lengthy charging time of electric vehicles (EVs) firsthand while driving his Ford F-150 Lightning on a road trip across California. Charging at a Level 2 charger, he spent 40 minutes to reach only a 40% charge, highlighting the challenge of EV charging compared to filling up a tank. This comes as Ford invests $50 billion into its EV product line, with significant support from taxpayers. Energy watchdog Robert Bryce criticized Farley's experience, calling it a "reality check" and questioning the company's plan to increase EV production. While some Lightning owners are satisfied, others note limitations such as long charge times and the need for a more extensive charging infrastructure for cross-country trips.

via Cowboy State Daily|
#automotive#charging-infrastructure#consumer-expectations
Americans' Inflation Expectations Plummet to Record Low in Fed Survey
economy3 years ago

Americans' Inflation Expectations Plummet to Record Low in Fed Survey

Americans' inflation expectations have dropped to the lowest level in two years, according to a survey by the Federal Reserve Bank of New York. The median expectation is that inflation will be up 3.5% one year from now, down from a high of 7.1% in June 2022. Consumers also anticipate that inflation will continue to decline in the coming years, estimating it to be around 2.9% three years from now and five years from now. However, these expectations still exceed the Federal Reserve's 2% target, suggesting that sticky inflation may persist. The survey plays a crucial role in shaping the Fed's response to inflation, as actual inflation depends on consumer expectations.

via Fox Business|
#consumer-expectations#economic-forecasts#economy