Inflation Expectations Hold Steady at Multiple Horizons — NY Fed
By Jessica Coacci
Consumers' expectations for future inflation remained unchanged across multiple horizons last month, according to a New York Fed survey.
Consumers' expectations for future inflation were unchanged at the one, three and five-year-ahead horizons, according to the latest monthly version of the New York Fed's Survey of Consumer Expectations. Long-run inflation expectations held steady at 3%.
Officials at the central bank keep a close eye on long-term inflation expectations because expectations themselves can be self-fulfilling and exacerbate inflation further. Monday's report from the NY Fed may reassure policy makers that expectations have remained stable.
In addition, the report found mixed perceptions of labor market conditions. The mean probability that the U.S. unemployment rate will be higher one year from now increased by 1.4 percentage points to 45.3%, its highest reading since April 2020. The increase was driven by those without a college degree.
Meanwhile, the mean perceived probability of finding a job if one's current job was lost increased to 46.5%, its highest level since November 2025.
The survey was fielded from Oct. 1 through Oct. 31.
Write to Jessica Coacci at jessica.coacci@wsj.com
(END) Dow Jones Newswires
November 09, 2026 11:14 ET (16:14 GMT)
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