Mumbai, Feb. 11 -- American households' expectations of inflation in five years increased in January, while their spending growth hopes fell to the lowest level in four years, results of a survey by the Federal Reserve Bank of New York showed on Monday.
The one-year and three-year inflation expectations were unchanged at 3.0 percent, while the five-year-ahead inflation expectations rose 0.3 percentage point to 3.0 percent in January, the NY Fed Survey of Consumer Expectations revealed.
Published by HT Digital Content Services with permission from Capital Market....