NY Fed Says September Three-Year-Ahead Expected Inflation 3.3% Vs. August’s 3.2%; September One-year Ahead Expected Inflation Highest Since May 2023; September Five Year-Ahead Expected Inflation Unchanged At 3%; In September Households More Downbeat On Current And Future Financial Situation

The New York Federal Reserve reported that the expected inflation rate for three years ahead increased to 3.3% in September, up from 3.2% in August. Additionally, the one-year ahead expected inflation reached its highest level since May 2023. The five-year ahead expected inflation remained unchanged at 3%. Households expressed a more pessimistic outlook on both their current and future financial situations.