New York Fed: U.S. inflation expectations remain stable, unemployment concerns rise to high levels

The October Consumer Expectations Survey by the New York Federal Reserve shows that U.S. consumers' inflation expectations for one year, three years, and five years remain at 3.9%, 3.3%, and 3%, respectively. The average expected probability of an increase in the unemployment rate over the next year has risen to 45.3%, the highest since April 2020. The expected growth in household income has decreased to 3%, and the expected growth in consumer spending has decreased to 5.3%.