NY Fed: One-year consumer inflation expectation rises to 5.9% in October from 5.4%
|The Federal Reserve Bank of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation rose to 5.9% in October from 5.4% in September.
Additional takeaways
"Expected inflation three years from now rises to 3.1% in October vs Sept 2.9%."
"Expected inflation five years from now rises to 2.4% in October vs Sept 2.2%."
"Year-ahead gasoline price marks record one month expected jump, hits 4.8% in October."
"Expected year-ahead home price change steady at 2% in October."
"Year-ahead expected household income rise hits record 4.3% in October."
"Expected unemployment level year from now highest since April 2020."
Market reaction
The US Dollar Index showed no immediate reaction to this publication and it was last seen gaining 0.45% on the day at 106.90.
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