Fri, Apr 19th, 2024 - 6:15am
April 11, 2023 - 9:00am | By Kyle Cornell
(New York, NY) -- Consumers expect to see a jump in inflation in the coming months.
A new survey by the New York Federal Reserve shows consumers expect prices to rise another half-percent in the year ahead.
It marks the first time the short-term outlook increased since October.
It also equates to an annual inflation rate of four-point-seven percent which is well above the Fed's two percent target.