Americans, rattled by surging energy prices tied to war in the Middle East, are expecting higher near-term inflation and fresh challenges to their personal financial situations, the Federal Reserve Bank of New York reported on Tuesday.
The bank said as part of the March findings of its latest Survey of Consumer Expectations that inflation a year from now is seen at 3.4%, up from 3% last month. The jump left that frequently volatile reading where it was in December.
NY Fed March survey finds jump in near-term inflation expectations
byu/app1310 instocks
Posted by app1310
3 Comments
Oil [hit a record high](https://stocks.apple.com/Ad6ybaslBQj2nmfbUnNCzyw) today near $150/bbl.
Powell HIKE rates. US needs it, and 🥭 puts as well. Let our shorts print badly or be ready to be fired. Nevertheless you will be blamed for economic failure. THANKS FOR YOUR ATTENTION ON THIS MATTER
REALLY???