New York Fed finds higher inflation expectations as healthcare and rent rise for households
The New York Fed's June Survey of Consumer Expectations shows median inflation expectations rising to 3.7% for the year ahead and 3.3% over three years. Respondents expect healthcare costs to surge about 9.4% and rent to climb about 8.3% in the next year, while gas costs ease. Pay growth is expected to 2.8%, unemployment expectations fall, and housing costs remain a key driver of consumer concerns amid a broader inflation backdrop.