US: Expectations for Short-Term Inflation Rise Amid Surging Anticipation of Gas Price Increases
March 2026 Consumer Expectations Survey Released
The Center for Microeconomic Data at the Federal Reserve Bank of New York has published its latest Survey of Consumer Expectations for March 2026. The report reveals that households anticipate higher inflation in both the near and mid-term, while their long-term outlook remains steady. Expectations for gas price increases have reached their highest point since March 2022.
Confidence in finding employment has risen, but concerns about job security and the unemployment rate have grown. Predictions regarding household spending and income growth have stayed mostly consistent. However, respondents expressed a more negative outlook on their future household finances.
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