Market News / Story
Consumers' short- and medium-term inflation expectations grind higher: NY Fed
Seeking Alpha ·
Seeking Alpha reports: U.S. consumers' expectations for short- and medium-term inflation expectations increased in September as their long-term expectations remained unchanged. For the year ahead, they expect earnings growth to lag inflation, according to the Federal Reserve Bank of New York's September Survey of Consumer Expectations. Median inflation expectations for the year-ahead horizon grew 0.3 percentage point to 3.9%, the highest reading since May 2023 from the prior month. For the…