Today’s Lead Story
Monday, October 12Economy
Consumers Now Expect 3.9% Inflation Over the Next Year, Fed Survey Finds
via Federal Reserve Bank of New York
The New York Fed's September 2026 Consumer Expectations Survey found that Americans now expect 3.9% inflation one year from now, the highest reading since May 2023. Households also grew more pessimistic about both their current and future financial situations.
Why it matters
When consumers expect prices to keep rising, the Federal Reserve is more likely to keep borrowing costs elevated, prolonging high rates on mortgages, car loans, and credit cards.
