New York Fed raises 1 year inflation expectations to 3.4% from 3.2%
The New York Fed is out with its survey for the current month :
September one-year ahead expected inflation 3.4% vs. August’s 3.2%
September three-year ahead expected inflation unchanged at 3%
September five-year ahead expected inflation 3% vs. August’s 2.9%
September labor market expectations lost ground
September year-ahead expected food price rise highest since March 2023
September household spending expectations cooled
In September, households upgraded view on personal finances
In September, households marked down future financial situation expectations