The Federal Reserve Bank of New York released the February 2018 Survey of Consumer Expectations, which shows a slight increase in short- and medium- term inflation expectations. Consumers' expectations about their personal financial situations continued to improve. Expectations about changes in taxes declined to a new series’ low, while expectations about growth in government debt increased sharply.
Median inflation expectations increased by 0.1% at both the one-year and three-year horizons in February, to 2.8% and 2.9%, respectively. Median inflation uncertainty declined to series' lows at both horizons.