https://sputnikglobe.com/20221114/us-inflation-likely-to-continue-rising-despite-recent-drop-in-consumer-prices---ny-fed-1104131780.html
US Inflation Likely to Continue Rising Despite Recent Drop in Consumer Prices - NY Fed
US Inflation Likely to Continue Rising Despite Recent Drop in Consumer Prices - NY Fed
Sputnik International
NEW YORK (Sputnik) - US inflationary pressure is expected to continue rising in the coming year despite a recent drop in consumer prices, the New York Federal... 14.11.2022, Sputnik International
2022-11-14T17:45+0000
2022-11-14T17:45+0000
2022-11-14T17:45+0000
americas
new york
federal reserve
inflation
unemployment
https://cdn1.img.sputnikglobe.com/img/106554/69/1065546990_0:133:1280:853_1920x0_80_0_0_743f9c105a3ec1be80cc606499dc9697.jpg
“Median one- and three-year-ahead inflation expectations increased to 5.9 percent and 3.1 percent from 5.4 percent and 2.9 percent, respectively,” the NY Fed said in its so-called Survey Of Consumer Expectations.The projection comes after the Consumer Price Index, or CPI, expanded at its slowest pace in nine months in October. The CPI expanded by 7.7% over a 12-month period last month, versus a growth of 7.9% forecast by economists and against the previous yearly growth of 8.2% to September.The NY Fed also said that US unemployment expectations have reached their highest level since April 2020 with almost 43% of Americans believing that the jobless rate will increase by next year.“Mean unemployment expectations — or the mean probability that the US unemployment rate will be higher one year from now — increased to its highest reading since April 2020 of 42.9 percent,” the NY Fed said in its so-called Survey Of Consumer Expectations.US employers added 261,000 jobs in October, almost 35% above economists’ expectations, according to a Labor Department report earlier this month that kept the Fed on its toes in its fight against inflation.
https://sputnikglobe.com/20221110/us-stocks-soar-on-new-inflation-report-but-bls-says-dollar-devaluation-still-high-1103994638.html
americas
new york
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2022
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
https://cdn1.img.sputnikglobe.com/img/106554/69/1065546990_125:0:1262:853_1920x0_80_0_0_de7dba975cb891c958fd3b599924188a.jpgSputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
new york, federal reserve, inflation, unemployment
new york, federal reserve, inflation, unemployment
US Inflation Likely to Continue Rising Despite Recent Drop in Consumer Prices - NY Fed
NEW YORK (Sputnik) - US inflationary pressure is expected to continue rising in the coming year despite a recent drop in consumer prices, the New York Federal Reserve said in a survey published on Monday.
“Median one- and three-year-ahead inflation expectations increased to 5.9 percent and 3.1 percent from 5.4 percent and 2.9 percent, respectively,” the NY Fed said in its so-called Survey Of Consumer Expectations.
The projection comes after the Consumer Price Index, or CPI, expanded at its slowest pace in nine months in October. The CPI expanded by 7.7% over a 12-month period last month, versus a growth of 7.9% forecast by economists and against the previous yearly growth of 8.2% to September.
10 November 2022, 19:42 GMT
The NY Fed also said that US unemployment expectations have reached their highest level since April 2020 with almost 43% of Americans believing that the jobless rate will increase by next year.
“Mean unemployment expectations — or the mean probability that the US unemployment rate will be higher one year from now — increased to its highest reading since April 2020 of 42.9 percent,” the NY Fed said in its so-called Survey Of Consumer Expectations.
US employers added 261,000 jobs in October, almost 35% above economists’ expectations, according to a Labor Department report earlier this month that kept the Fed on its toes in its fight against inflation.