October 9, 2018 / 3:19 PM / 7 months ago

U.S. inflation expectations stable over three years: NY Fed survey

FILE PHOTO: People are reflected in a mirror as they shop in New York November 29, 2013. REUTERS/Carlo Allegri/File Photo

NEW YORK (Reuters) - U.S. inflation expectations for both one and three years into the future were unchanged last month, according to a Federal Reserve Bank of New York survey that painted a picture of price stability among consumers.

The September survey found median expectations over both time frames were for 3 percent inflation, identical to the August readings. Expectations have remained largely stable since April, though they have drifted higher since last year.

Reporting by Jonathan Spicer; Editing by Chizu Nomiyama

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