Business & Economy · 2 views
Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
Inflation fears intensified in September, pushing the near-term outlook in the New York Federal Reserve's monthly survey to its highest level in nearly 3½ years.
Summary
Inflation fears intensified in September, pushing the near-term outlook in the New York Federal Reserve's monthly survey to its highest level in nearly 3½ years. The central bank's Survey of Consumer Expectations indicated that the median view for inflation over the next 12 months rose to 3.9%, up 0.3 percentage point from August and the highest level since May 2023, when the figure was at 4.1%.
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