U.S. households' inflation expectations were largely unchanged in June and they were more optimistic regarding their financial situation and access to credit in the year-ahead, results of a survey by the Federal Reserve Bank of New York showed on Tuesday. The NY Fed's Survey of Consumer Expectations revealed that median inflation expectations decreased by 0.2 percentage point to 3.0 percent at the one-year-ahead horizon. Expectations were unchanged at 3.0 percent at the three-year ahead horizon and at 2.6 percent for the five-year-ahead period.
The SCE is a nationally representative, internet-based survey of a rotating panel of approximately 1,300 household heads and the latest round was conducted from June 02 to June 30.
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