Long-run US inflation expectations softened over the last two months of 2025, then edged up in January 2026, a study by the University of Michigan found.
Expectations were stable in the years leading into the pandemic; they worsened till mid-2022 and softened thereafter till October 2024.
In 2025, median expectations surged to 4.4 in April, before trending downward for most of the remainder of the year.
Expectations were stable in the years leading into the pandemic; they worsened till mid-2022 and softened thereafter till October 2024.
In 2025, median expectations surged to 4.4 in April, before trending downward for most of the remainder of the year.
