Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows

Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation in home prices along with fuel and energy, according to a New York Federal Reserve survey released Monday.

The central bank’s New York district reported in its monthly

that the outlook increased across the one- and five-year horizons as respondents expressed little confidence the Fed will…