U.S. Consumers See Higher Wage Growth, Inflation in Fed Survey
- Share of respondents reporting better finances hits new high
- Results could increase Fed confidence in outlook for inflation
U.S. Inflation Unexpectedly Picks Up in December
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U.S. consumer expectations for wage growth rose in December to the highest level in three years, according to a Federal Reserve Bank of New York survey.
The pickup accompanied an increase in expected inflation to the highest level since April, and the share of respondents who reported personal finances being in better shape than a year earlier, at 37 percent, was the highest in the survey’s history, which dates to mid-2013.