Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
New York Fed: inflation expectations fall slightly, labour market expected to improve

New York Fed: inflation expectations fall slightly, labour market expected to improve

Bitget2024/11/12 16:28

The Federal Reserve Bank of New York's Microeconomic Data Centre released its October 2024 Survey of Consumer Expectations, with US one-year inflation expectations falling to a four-year low of 2.87% in October. U.S. one-year inflation expectations fell to 2.87% in October, a new low since October 2020; the previous reading was 3.00%. The median three- and five-year inflation uncertainties fell. The median expectation of a rise in the U.S. unemployment rate over the next year slipped to 34.5 per cent, a new low since February 2022 The data showed a slight decline in households' short-, medium- and long-term inflation expectations, improved labour market expectations, and reports of lower unemployment and risk of job loss. Households surveyed reported an improved likelihood of finding a job if they were laid off. perceptions of credit access improved in October and expectations of future credit access rose. Households were less likely to report failing to make minimum debt payments on time in the next three months.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Pro Strategies: Altcoin Picks & Live Chart Analysis!
2
SlowMist Cosine: The vast majority of cryptocurrency users do not need to worry about their weak random private keys or mnemonic phrases being cracked.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$111,823.7
-0.21%
Ethereum
Ethereum
ETH
$4,067.32
-0.87%
Tether USDt
Tether USDt
USDT
$1
-0.06%
BNB
BNB
BNB
$1,183.41
-0.40%
XRP
XRP
XRP
$2.46
-1.42%
Solana
Solana
SOL
$197.34
-2.74%
USDC
USDC
USDC
$0.9998
-0.05%
TRON
TRON
TRX
$0.3234
+1.52%
Dogecoin
Dogecoin
DOGE
$0.2011
-0.72%
Cardano
Cardano
ADA
$0.6823
-1.53%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter