AXIOS (Courtenay Brown) - How the Iran war affects Americans' inflation expectations
Data: Federal Reserve Bank of New York ; Chart: Courtenay Brown/Axios American consumers are bracing for an Iran war inflation jolt, though they don't anticipate the effects will linger. - That's the upshot of the New York Federal Reserve Bank's March Survey of Consumer Expectations, the first to capture sentiment since the war began. Why it matters: So far, that is more consistent with a one-time inflation surge than the alternative outcome that might alarm the Fed: signs of unmooring in long-run inflation expectations. By the numbers: Median one-year inflation expectations jumped 0.4 percentage point, to 3.4%, last month, according to the New York Fed. It was driven by a surge in gas price expectations, to the highest level since…