Consumers dread rising healthcare, rent costs: New York Fed
New York Fed data reveals rising consumer inflation expectations, driven largely by fears over healthcare and rent costs.
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The brief
Consumer inflation expectations rose in June, according to a survey by the New York Fed. Despite a decrease in gas prices, these declines have not been enough to calm overall inflation fears among the public.
Coverage from Bloomberg, Yahoo Finance, and PYMNTS.com emphasizes a particular dread regarding the cost of rent and healthcare. Other reports from CoStar and The American Action Forum note that expected inflation is drifting upward.
Future focus remains on shifting inflation expectations, alongside other economic indicators such as restaurant performance and increasing spending on data center construction.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.
Quick answers
What specific costs are consumers most concerned about?
Consumers are dreading rising costs for healthcare and rent.
Did falling gas prices lower inflation fears?
According to the NY Fed, falling gas prices failed to calm these fears.
When did inflation expectations rise?
The NY Fed survey indicates that expectations rose in June.
Coverage (8)
- NY Fed survey: U.S. inflation expectations hit 3-year high in June qz.com · 22h ago
- Fed’s Williams Stays Optimistic as Energy Prices Fall Bloomberg.com · 22h ago
- Fed's Williams tells Fox Business he's more sanguine on inflation due to energy price retreat Reuters · 22h ago
- NY Fed Finds Falling Gas Prices Fail to Calm Inflation Fears PYMNTS.com · 22h ago
- Expected Inflation Drifts Up The American Action Forum · 22h ago
- News | Inflation expectations rise; Data center construction spending climbs; Restaurant performance improves CoStar · 22h ago
- US Consumers’ Inflation Expectations Rose in June, NY Fed Survey Says Bloomberg.com · 22h ago
- Consumers dread rising healthcare, rent costs: New York Fed Yahoo Finance · 22h ago broke it first
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