October data shows short-term inflation outlook eased to 3.24%, while medium- and long-term projections stayed at 3%, alongside weaker financial and labor market sentiment.
The Federal Reserve Bank of New York’s October survey showed median one-year inflation expectations falling to 3.24% from 3.38%, while three-year and five-year expectations remained at 3%. Respondents reported a weaker outlook for future financial conditions and largely negative views on the labor market.