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    Home » Inflation Expectations for March 2023 Inflation Surges to Record 6.6%-New York Fed
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    Inflation Expectations for March 2023 Inflation Surges to Record 6.6%-New York Fed

    April 11, 20221 Min Read
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    Public expectations for the level of inflation a year from now hit a record in March.

    • The New York Fed stated that respondents expect inflation to reach 6.6% in March 2023, increasing from the 6% they initially expected in February.
    • Meanwhile, the New York Fed also reported that public expectations for inflation three years from now, in March 2025, average 3.7% from February’s 3.8% outlook.
    • The report also indicated the uncertainty over short-term inflation levels hit a new high, and longer-term uncertainty inflation remained at high levels.

    The Fed is concerned about the public’s expectations because it expects price pressures to drive changes in inflation.

    DXY up +0.12%, EUR USD up +0.07%

    Source: Federal Reserve Bank of New York

     

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