Inflation expectations in the United States are on a downward trend, with the Atlanta Fed's year-ahead business inflation expectations decreasing to 2.2%, the lowest since February 2021. Consumer inflation expectations for the next year have also fallen to 3.0%, the lowest since December 2020. The UMich Inflation Expectation has plunged to its lowest since 2020, and as a result, consumer sentiment has soared. The preliminary Michigan survey of consumers indicates that one-year-ahead inflation expectations have dropped to 2.9% in January, the lowest in three years, while five-year-ahead expectations have held steady at 2.8%.
One-year-ahead inflation expectations in the preliminary Michigan survey of consumers fell to their lowest level in three years, at 2.9% in January Five-year-ahead inflation expectations held steady at 2.8% https://t.co/neAkqEm5me
⚠️ BREAKING: *U.S. 1-YEAR INFLATION EXPECTATIONS FALL TO 2.9%; EST. 3.1%; PREV. 3.1% *LOWEST SINCE DECEMBER 2020 🇺🇸 🇺🇸 https://t.co/YvRcobCtNI
UMich Inflation Expectation Plunges To Lowest Since 2020, Sentiment Soars https://t.co/jK43xDavQq
Lowest inflation expectations since Sept 2020 🇺🇸 https://t.co/8X0jGbN2cQ
Year-ahead business inflation expectations continue to fall, moving down to 2.2% in the latest Atlanta Fed survey. That's the lowest we've seen since February 2021. https://t.co/oGFlSZwlMD
US consumer inflation expectations for the next year have moved down to 3.0%, the lowest level since December 2020. https://t.co/ciEsGKX1ed