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
households showed a mixed outlook. They marked down their expectations for future financial situations but upgraded their view of current personal finances. Spending expectations cooled, and labor market expectations weakened, while year-ahead food price expectations rose to their highest level since March 2023. Inflation expectations were little changed: one-year ahead ticked up to 3.4% from 3.2%, three-year ahead held steady at 3%, and five-year ahead inched higher to 3% from 2.9%
