US: Focus on Consumer Expectations – Nomura

Analysts at Nomura note that both the one-year and three-year ahead median inflation expectations in the Survey of Consumer Expectations for US have remained relatively steady this year.

Key Quotes

“The two measures remained at 3.0% in June. Longer-term inflation expectations are likely to remain steady over the medium term. In addition, consumer earnings growth and labor market expectations remained firm in the June survey, consistent with our optimistic consumer outlook in 2018.”