NY Fed: Median inflation expectations at the one-year horizon remained unchanged at 3.0%

"Median inflation expectations at the one-year horizon remained unchanged at 3.0%, while they increased by 0.1 percentage points at the three-year horizon to 3.0% in August, returning to its June reading," the Federal Reserve Bank of New York announced in its 'August 2018 Survey of Consumer Expectations' report.

Key takeaways from the press release

• Inflation uncertainty remained unchanged.
• Median home price change expectations declined to 3.6% in August from 3.7% in July and 3.9% in June.
• Median one-year ahead earnings growth expectations increased from 2.4% in July to 2.5% in August.
• The median expected household income and the median household spending growth expectations remained unchanged at 2.8% and 3.2%, respectively.
• Perceptions of households’ financial situations compared to a year ago were largely unchanged.