U.S. Inflation Expectations Slide Amid Heightened Focus From Fed

U.S. households in February reduced their expectations for inflation to the lowest level in 18 months, according to a Federal Reserve Bank of New York survey of consumer expectations.

The median respondent to the New York Fed’s monthly study reported an expected inflation rate of 2.8 percent in three years’ time, down from 3 percent the month before, according to results published Monday.