Inflation Expectations Mixed, Cost of Living Seen Rising - Consumers Worry Over Debt Payments

• NY Fed survey finds mixed outlook for inflation expectations in March - 3% expected in a year, 2.9% in 3 years, 2.6% in 5 years • Bigger price rises forecasted for food, gas, rent, college, and medical costs vs February • Home price expectations steady at 3% rise in a year
• Consumers have mixed views on job market but more positive personal financial situations • Record number of respondents worried about missing a debt payment, concentrated among lower incomes and ages 40-60