Inflation Expectations Increase Across All Horizons; Unemployment Expectations Deteriorated

[mahatmakanejeeves]

PRESS RELEASE

Inflation Expectations Increase Across All Horizons; Unemployment Expectations Deteriorated

November 14, 2022

NEW YORK—The Federal Reserve Bank of New York's Center for Microeconomic Data today released the October 2022 Survey of Consumer Expectations, which shows that inflation expectations increased in the short, medium, and longer terms. Home price growth expectations were unchanged, while the expected change in the price of gas increased sharply. Unemployment expectations reached the highest level since April 2020. Household income growth expectations increased to a new series high, while households' expectations about credit access one year from now worsened.

The main findings from the October 2022 Survey are:

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[progree]

1. Interesting. In the last 4 months, the CPI increased only 0.9% (2.8% annualized rate)

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