January US Median Inflation Expectations Lowered for Short Term, Unchanged for Medium Term, According to NY Fed Survey

BY MT Newswires | ECONOMIC | 11:12 AM EST

11:12 AM EST, 02/09/2026 (MT Newswires) -- Consumer expectations for one-year US inflation growth slowed to a 3.1% gain in January from a 3.4% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday.

The median inflation expectations remained at a 3.0% gain for the three-year period and at a 3.0% gain for five years ahead.

The median inflation uncertainty dropped to 3.3% from 3.5% in the one-year horizon and slowed to 3.3% from 3.6% for the three-year outlook.

Median home price change expectations declined to 2.9% from 3.0% while home price uncertainty remained at a 4.0% increase.

The median one-year expectations commodity prices growth slowed for gas, food, medical care and rent but rose for college education and gold.

Earnings growth expectations rose from December while the expectations of losing a job fell slightly.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article