Americans more upbeat on earnings, home prices: NY Fed survey

Americans more upbeat on earnings, home prices: NY Fed survey

NEW YORK (Reuters) – Americans expected higher earnings & home-price growth last month, according to a Federal Reserve Bank of New York survey that moreover found little alter in inflation expectations.

The New York Fed's survey of consumer expectations, released on Monday, found median earnings growth expectations rose to 2.5 percent in June from 2.3 percent in May, among the highest readings since the poll started in mid-2013.

Home price-change expectations rose to 3.5 percent, a high water mark for the year yet still below last year's average.

p>The survey, which taps approximately 1,200 respondents on a 12-month rotating basis, found one- & three-year-ahead inflation expectations each edged slightly higher to 3 percent.

(Reporting by Jonathan Spicer; Editing by James Dalgleish)

Federal Reserve Bank of New York

Source: “Reuters”

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