The expectations for inflation among American consumers continued to climb in September, a Federal Reserve Bank of New York survey showed Tuesday.
U.S. household expectations for inflation one year from now rose to 5.3 percent in September, up a tenth of a percentage point from the prior month, the New York Fed’s monthly Survey of Consumer Expectations revealed.
Both marked the year ahead and three-year readings are the highest on record in the survey’s eight-year history.
