​Medium-Term Inflation Expectations Tumble In NY Fed Survey As Spending Growth Pessimism Rises – Tyler Durden

Medium-Term Inflation Expectations Tumble In NY Fed Survey As Spending Growth Pessimism Rises With all eyes on this week’s inflation data barrage, starting with PPI tomorrow and moving to CPI on Wednesday, today’s NY Fed consumer survey was closely watched to see what it would reveal about consumer inflation expectations ahead of the coming hard numbers. The result was generally agreeable: while median 1 and 5-year inflation expectations were unchanged at 3.0% and 2.8%, respectively, consumers’ three-year-ahead inflation expectations fell by 0.6% point to 2.3%, sliding to a new series low since the survey’s inception in June 2013. This decline…  — Continue at ZeroHedge News : Read More