The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
Median inflation expectations for the next 12 months jumped to 3.9%, up from 3.6% in August, according to the Federal Reserve Bank of New York's September Survey of Consumer Expectations.
JM Financial expects a shallow RBI rate hike cycle of 50-75 bps due to persistent food inflation and high crude oil prices.
Inflation jumped for a third consecutive month as the Iran war continued to drive up prices in May, surpassing 4% for the first time in three years. The reading matched economists' expectations.
The Personal Consumption Expenditures price index showed little sign of easing in August, though revised data showed ...
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