Americans See Inflation Plunging Next Year, New York Fed Survey Finds

Americans See Inflation Plunging Next Year, New York Fed Survey Finds

Over the next three years, survey participants expect inflation to decrease to 3.2%, largely because of tumbling gas prices, which respondents see increasing by only 1.5% over the next year. Over a five-year period, Americans see inflation running at 2.3%, which would be slightly above the Fed’s target, or neutral rate, of 2%.

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