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NY Fed: U.S. Consumers' 1-Year Inflation Expectations Jump to 3.9% in September, Highest Since May 2023
The New York Fed reported that three-year expectations edged up to 3.3% from 3.2%, while five-year expectations held at 3.0%. Households also anticipate faster spending and higher commodity prices, alongside increased pessimism regarding their finances and current credit access.
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Federal Reserve Vice Chair Bowman: Plans to restructure bank supervision framework and review updated asset thresholds to reflect inflation.
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