Household Inflation Anxiety Edges Higher in NY Fed Poll

Consumers are more pessimistic and more uncertain about the rate of inflation over the next year than they were a month ago, according to data released Thursday (May 7) by the Federal Reserve Bank of New York . Households’ inflation expectations at the one-year-ahead horizon increased by 0.2 percentage points to 3.6% in April, the New York Fed said in a Thursday press release . Their inflation expectations for the three-year-ahead and five-year-ahead horizons were unchanged, at 3.1% and 3%, resp