The Federal Reserve Bank of New York's latest Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation held steady at 3% in March.

Key takeaways

"Three year ahead expected inflation 2.9% vs. Feb's 2.7%."

"Five year ahead expected inflation 2.6% vs. Feb’s 2.9%."

"Year ahead expected home price rise unchanged at 3%."

"Bigger year ahead rises expected for food, gas, rent, medical costs."

"Year ahead expected earnings growth steady at 2.8%."

"Fear of missing debt payment highest in four years."

"Household view on personal finances improved modestly in March