A survey by the New York Federal Reserve shows that the one-year inflation expectation for the United States rose to 3.9% in September, reaching a new high in over three years

According to a survey by the New York Federal Reserve, the one-year inflation expectation for the United States in September rose from 3.6% in August to 3.9%, reaching a new high since May 2023. The three-year inflation expectation rose to 3.3%, while the five-year inflation expectation remained unchanged at 3%. Households' evaluations of their financial situation have deteriorated and they believe that credit difficulties have increased, but their concerns about debt defaults have eased, and job market expectations have improved.