Layoff Fears Hit Highest Since Covid Crash As Inflation Expectations Stay Stuck Near 3-Year High: NY Fed Survey

Summary

Layoff Fears Hit Highest Since Covid Crash As Inflation Expectations Stay Stuck Near 3-Year High: NY Fed Survey Last month, one-year inflation expectations in the NY Fed's September Survey of Consumer Expectations jumped to the highest since May 2023 . This month, they just sat there, waiting for the next catalyst. According to the October survey released by the New York Fed on Monday, median inflation expectations were unchanged at all three horizons : 3.9% one year ahead (3.91% to be precise, a hair above September's 3.90% and above the 3.8% consensus), 3.3% three years ahead (technically…

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