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U.S. inflation seen flat, income weaker: NY Fed survey

Reuters  |  NEW YORK 

NEW YORK (Reuters) - U.S. inflation expectations were flat in May after several months of gains, while Americans grew more pessimistic about income and spending growth, according to a Federal Reserve Bank of New York survey published on Monday.The survey of consumer expectations, which the Fed considers along with other data on U.S. price pressures, remained at a median of 2.98 percent for one year into the future. The three-year measure was 2.96 percent in May, a bit down from 2.97 in April. Both gauges rose last month and have recently trended higher, after years in which they slipped since ...

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First Published: Mon, June 11 2018. 20:50 IST