U.S. Inflation Expectations Rise as Job Outlook Dims

According to Odaily, the New York Federal Reserve's monthly survey reveals an increase in U.S. inflation expectations for December, while perceptions of job opportunities have reached their lowest point in at least 12.5 years. The report indicates that consumers anticipate a 3.4% rise in prices over the next year, up from 3.2% in November. Additionally, the estimated probability of finding a new job after unemployment has dropped to 43.1%, marking the lowest level since the bank began its consumer expectations survey in mid-2013. These figures highlight a divide among Federal Reserve officials, with some prioritizing inflation concerns and others perceiving a higher risk of rising unemployment. This disparity is likely to hinder any adjustments to interest rates at the Fed's upcoming policy meeting later this month.