Consumers' inflation expectations increased for the short-  and medium-term horizons and held unchanged at the longer-term outlook, as gas price growth expectations jumped to the highest level since March 2022,

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.

US consumer sentiment slid to a three-month low in March and year-ahead inflation expectations jumped as the war in the Middle East drives up gasoline prices.

The Conference Board's Consumer Confidence Index inched up again in March, rising 0.8 points to 91.8. The Present Situation Index, which is based on consumers' assessment of current business and labor market conditions, rose 4.6 points to 123.3.

Consumer sentiment fell to 53.3 in March while inflation expectations climbed, according to the latest data from the University of Michigan. University of Michigan's Surveys of Consumers director and the Institute for Social Research's research associate professor,

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