The US consumers’ inflation expectations maintained the downward trajectory, with household estimates for short-term expectations hitting the lowest ever in a New York Federal Reserve survey, according to Reuters News.
The median inflation outlook for the next year dropped by 0.2 percentage point to 2.3%. That is the lowest reading since the New York Fed launched its monthly survey in 2013. The median three-year outlook for inflation remained unchanged at 2.4% in October.
The sustained side in inflation expectations witnessed this year may force the Federal Reserve to take action.
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