12/12/2022, 5:39 PM (Source: TeleTrader)
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NY Fed: Inflation expectations down in Nov.

The Federal Reserve Bank of New York's Center for Microeconomic Data revealed on Monday that United States consumers' median one-, three-, and five-year-ahead inflation expectations came in at 5.2%, 3% and 2.3%, respectively, in November.

In comparison to the New York Fed's previous monthly survey, the short-term inflation expectations were down 0.7 percentage points, while the expected inflation rates across the medium- and long-term both decreased by 0.1 percentage points.

"Home price growth expectations continued to decline. Labor market expectations strengthened, while household income growth expectations increased to a new series high," the latest report showed.

Baha Breaking News (BBN) / MS