US Inflation Expectations Stabilize, But Debt Concerns Pick Up
- Year-ahead inflation views hold at 3%, NY Fed survey shows
- Higher share of consumers now expect to miss a debt payment
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Consumers’ expectations of US inflation over the coming year stabilized in March, but Americans are growing increasingly concerned about their ability to pay back their debt.
Median year-ahead inflation expectations held at 3% in March, a Federal Reserve Bank of New York survey showed Monday. Three-year expectations climbed to 2.9%, while five-year views declined to 2.6%.