Rising inflation expectations and a worsening job market may prevent the Federal Reserve from adjusting interest rates this month
Svmuu News: According to the New York Fed’s monthly survey, U.S. inflation expectations rose in December, while views on job opportunities fell to their lowest level in at least 12.5 years. According to the report, consumers expect prices to rise by 3.4% over the next year, up from 3.2% in November.Consumers’ estimate of the probability of finding a new job after becoming unemployed fell to 43.1%, the lowest level since the bank began conducting its consumer expectations survey in mid-2013. These figures highlight the divide among Federal Reserve officials between those more concerned about inflation and those who see a greater risk of rising unemployment.This divide is likely to prevent the Federal Reserve (Federal Reserve) from adjusting interest rates at its next policy meeting later this month. (Jin Shi)
Source:Odaily · Source Link
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