US Consumer Inflation, Labor Expectations Improve in Fed Survey

US consumer expectations for inflation and the job market improved slightly in January, according to a Federal Reserve Bank of New York survey.

Households saw prices rising 3.1% over the next year, down from 3.4% in December, according to the median response in results of the New York Fed’s monthly Survey of Consumer Expectations, released Monday. The probability consumers assigned to losing a job also edged down, while their perceived chances of being able to find a new one within three months improved to around 46%.

Signs of a stabilizing labor market paved the way for Fed officials ...