Updates - Macro Trend

Inflation outlook for consumers falls from record high, Fed survey shows

  • Inflation expectations over the next year fell to a median 6.3% in April, a 0.3 percentage point decrease from the record high the previous month.
  • Still, household spending is projected to rise a record 8% over the next year, according to a New York Fed survey of consumers.
  • Consumer expectations for gas price increases fell to 5.2%, a 4.4 percentage point drop that came as oil prices edged lower in April.
May 9, 2022