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Final University of Michigan inflation expectations hold at 4.6% for one year, 3.4% for five
The one-year gauge finished a tenth below the forecast, but both horizons ended the period at the levels recorded in the previous reading, leaving the survey's inflation outlook unchanged.
By PREVICT Research
Final University of Michigan inflation expectations held at 4.6% for the one-year horizon and 3.4% for the five-year horizon, both matching the levels recorded in the previous reading.
The forecast comparisons diverged by horizon: the one-year measure came in a tenth of a percentage point below its 4.7% estimate, while the five-year measure matched its 3.4% estimate exactly.
