US: No change in inflation expectations - Nomura

The NY Fed March Survey of Consumer Expectations indicated essentially no change in inflation expectations over the short (one-year) and medium-term (three-year) horizons, which remain at 2.8% and 2.9%, respectively, notes the research team at Nomura.

Key Quotes

“This report appears consistent with other survey-based measures of consumers’ inflation expectations which have been within a steady range. Elsewhere, consumers were slightly less optimistic about labor market outcomes in March, although the survey is still consistent with a healthy labor market.”