consumer expectations

And the mere fact that they’re expecting inflation could be enough to cause higher prices.

Consumer expectations for the price of gas and food fell in June, but inflation expectations ticked up.

The New York Fed’s survey shows people expect inflation to hit 3.4% in a year. That’s up from an expectation of 3% in February, before the war in the Middle East started.

Right now, consumers expect high inflation. They think, on average, inflation will be 6.5% in a year and 7.2% in five to 10 years, according to the Michigan Survey of Consumers.

The rebound was especially strong after the U.S. and China reached a temporary deal to lower mutual tariffs.

The Conference Board’s Leading Economic Index fell sharply in April by 1%. It was the largest one-month drop since March 2023.

Consumers’ expectations about their own personal financial situations declined sharply in April, according to the New York Fed. But their inflation expectations didn't change much.

Conference Board surveys point to unease about job security and raise questions about Americans’ future spending.

According to the results of a survey by the New York Fed, a growing number of people are pessimistic about their finances. But economic indicators show economy is still strong.

Consumers still forecast about 3% inflation, according to a New York Federal Reserve Bank survey. Responses also reflect a looser job market.