New SCE Charts Include a Measure of Longer-Term Inflation Expectations

Aidala, Felix; Armantier, Olivier; Boumahdi, Fatima-Ezzahra; Koşar, Gizem; Lall, Devon; Somerville, Jason; Topa, Giorgio; Van der Klaauw, Wilbert

Discussion Paper

New SCE Charts Include a Measure of Longer-Term Inflation Expectations

Abstract: Today, the New York Fed introduces several new data series and interactive charts depicting findings from its Survey of Consumer Expectations (SCE). The SCE is a representative, internet-based monthly survey of a rotating panel of about 1,300 household heads in the United States. Since January 2014, we have been reporting findings from our monthly survey on U.S. households’ views on inflation, household income and spending growth, their expectations about the housing and labor market, and a range of other expectations about the economy and outcomes for their own household. In addition to publishing interactive charts showing national trends as well as trends by demographic groups (such as age, income, education, numeracy, and geography), we also post the underlying microdata online (with a nine-month lag) to make it available for research purposes. We are adding three new data series to our interactive charts today. The first two concern expectations about future inflation, and the third concerns expectations of future home price growth.

Keywords: inflation expectations; home price expectations;

JEL Classification: R31;