NEW YORK, June 10 (Reuters) - U.S. consumers’ inflation expectations deteriorated to their weakest levels since late 2017 in May, while their views on jobs and family finances grew less certain, according to a Federal Reserve Bank of New York survey published on Monday.
The weakening in inflation expectations may factor into Fed policy-makers’ decision whether to lower interest rates in the coming months to help boost U.S. price growth towards the central bank’s 2% goal.
The survey of consumer expectations, which the Fed considers along with other data on U.S. price pressures, showed consumers’ one-year inflation outlook losing 0.1 percentage point to 2.5% last month.
The survey’s three-year inflation measure also fell by 0.1 point to 2.6%.
The New York Fed survey is done by a third party that taps a rotating panel of about 1,300 household heads. (Reporting by Richard Leong Editing by Chizu Nomiyama)