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Americans Cut Inflation Expectations Amid Rising Job Concerns

11/8/2025

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Summary

Story summary

The Federal Reserve Bank of New York reported in October that Americans expressed concerns about the job market and lowered their inflation expectations.
Households projected 3.2% inflation for the coming year, down from 3.4% in September.
Unemployment expectations rose to 43% for higher unemployment in a year, the highest since April.
The survey signals a divide among Fed officials as they address inflation above 2% while weak job growth persists.

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Story summary

The Federal Reserve Bank of New York reported in October that Americans expressed concerns about the job market and lowered their inflation expectations.
Households projected 3.2% inflation for the coming year, down from 3.4% in September.
Unemployment expectations rose to 43% for higher unemployment in a year, the highest since April.
The survey signals a divide among Fed officials as they address inflation above 2% while weak job growth persists.