NY Fed: US Inflation Expectations Hold Steady, Unemployment Fears Hit 6.5-Year High

Cointime reports: The New York Fed’s October Survey of Consumer Expectations showed one-, three- and five-year inflation expectations unchanged at 3.9%, 3.3% and 3.0%. The average probability of unemployment rising over the next year climbed to 45.3%, the highest since April 2020, while the perceived chance of losing one’s job rose to 13.9%. The probability of finding work after job loss rose to 46.5%, and the expected probability of missing a minimum debt payment in the next three months reached 13.8%.