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NY Fed: Consumer outlook on longer-term inflation hit snag in February

NEW YORK (Reuters) -The public’s expectations around the longer-run trajectory of inflation deteriorated in February, a report from the Federal Reserve Bank of New York said Monday. While inflation a year from now was seen holding steady at 3%, respondents to the bank’s latest Survey of Consumer Expectations said that they see inflation three years from now moving to 2.7% from January’s 2.4%, with inflation in five years at 2.9%, from the prior month’s 2.5%. The ris...
New York United States Michaels Derby Chizu Nomiyama Consumer Expectations Federal Reserve
Source: yahoo.com

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'Lending to stay tepid while rates are high'

BANK lending to both households and corporate borrowers could remain tepid as long as the Bangko Sentral ng Pilipinas (BSP) keeps key policy rates high, according to US-based Global Source Partners. In a brief, Global Source Partners country analyst Diwa Guinigundo said that due to the high rates, there has…
Bangko Sentral Diwa Guinigundo Senior Bank Loan Consumer Expectations Global Source Global Source Partners

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