NY Fed survey: Expectations for rising unemployment rise to highest since April 2020

AI summary

<p>The latest monthly survey from the NY Fed:</p><ul><li>One-year inflation expectations unchanged at 3.6%</li><li>Three year inflation expectations to 3.2% vs 3.3% prior</li><li>Five year inflation expectations unchanged at 3%</li><li>Expectations for higher unemployment at worst since April 2020</li><li>Labor market expectations were 'mixed' overall</li><li>Consumers projected higher future gasoline prices</li><li>Views about current and future personal finance deteriorated</li></ul><p>There isn't much good news in this report but for the Fed, the inflation expectations metric -- by far -- is the most important one and it doesn't argue for hiking this month. The market is pricing in a 57% chance of a hike.</p><p>Expectations for higher unemployment:</p><p></p> This article was written by Adam Button at investinglive.com.