Nearly a year’s worth of stability in the public’s inflation expectations gave way in February, raising questions about the future of price pressures and further boosting doubt over the prospect of more Federal Reserve rate rises. Inflation expectations held by the public one year and three years from now fell, both to readings of 2.8%. Both had been at 3% in January. The bank’s latest Survey of Consumer Expectations says the February readings are the first notable decline since last April.

Source: Wall Street Journal March 11, 2019 18:00 UTC