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One-Year Inflation Expectations Jump To 3 Year HIgh: NY Fed Survey
One-Year Inflation Expectations Jump To 3 Year HIgh: NY Fed Survey
Americans' expectations for inflation over the near-tern jumped last month while their sentiment toward the labor market improved, the latest NY Fed Federal survey of consumer expectations showed on Wednesday.
Consumers’ estimates for inflation one-year ahead rose to a median 3.9% in September, up from 3.6% the prior month, reaching the highest level since May of 2023. At the same time, inflation expectations increased 0.1% to 3.3% at three-year horizon, and were unchanged at 3.0% at five-year horizon.
 Over the...
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