US inflation expectations rose in December while perceptions of job availability were the worst in at least 12.5 years, according to a monthly survey from the Federal Reserve Bank of New York.
Consumers saw prices rising 3.4% over the next year, up from 3.2% in November, according to a report released Thursday. The probability consumers assigned to finding a job if they lost theirs fell to 43.1% which is the lowest in the history of the bank’s Survey of Consumer Expectations, which dates to mid-2013.
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US inflation expectations rose in December while perceptions of job availability were the worst in at least 12.5 years, according to a monthly survey from the Federal Reserve Bank of New York.
Consumers saw prices rising 3.4% over the next year, up from 3.2% in November, according to a report released Thursday. The probability consumers assigned to finding a job if they lost theirs fell to 43.1% which is the lowest in the history of the bank’s Survey of Consumer Expectations, which dates to mid-2013.