NY Fed October survey shows 1, 3 and 5 year inflation expectations unchanged

  • One-year inflation unchanged at 3%
  • Three-year inflation unchanged at 3.3%
  • Five-year inflation unchanged at 3.9%
  • Expectations of rising unemployment at highest since April 2020
  • Year-haead epxected gas price change moderates
  • Credit access expectations unchanged
  • Households more upbeat on personal finance

This survey runs in contrast to much of the mainstream thinking, particularly around unemployment. That might simply be highlighting AI angst.

This article was written by Adam Button at investinglive.com.

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