NY Fed: Inflation expectation dropped to 2.8%, wage growth expectation rose

According to New York Fed’s February Survey of Consumer Expectations:

• 1-year median inflation expectations dropped -0.2% to 2.8%.
• 3-yer median inflation expectations dropped -0.2% to 2.8%.
• Uncertainty regarding future inflation outcomes dropped slightly.
• 1-year earnings growth expectation rose 0.1% to 2.5%.
• 1-year Unemployment expectation dropped from 40.6% to 37.2%

Press release here.