U.S. inflation expectations flat, low in October: NY Fed survey
- Wall Street dips on Trump protectionism, Qualcomm drag
- Yahoo! (YHOO) Tops Q4 EPS by 4c; Sees Verizon Deal Closing in Q2, Not Q1
- Aetna's (AET) Humana (HUM) Takeover Blocked by Judge as Anticompetative
- Trump signs order withdrawing U.S. from Trans-Pacific trade deal
- After-Hours Stock Movers 1/23: (REXX) (MRCY) (SYNC) Higher; (FSM) (OCUL) (CASC) Lower (more...)
A Saudi money exchanger counts Saudi riyals in Riyadh August 4, 2008. REUTERS/Fahad Shadeed
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
NEW YORK (Reuters) - A measure of U.S. inflation expectations held mostly steady at low levels in October, with only some momentum higher, according to a Federal Reserve Bank of New York survey taken before Americans voted in this month's presidential election.
The survey of consumer expectations, an increasingly influential gauge of prices for the U.S. central bank, found that inflation is expected to be identical one and three years into the future, according to the median.
It found that year-ahead inflation expectations edged up to 2.6 percent last month. That is up from 2.5 percent in September, which was the survey's lowest recorded level.
Three-year ahead expectations were flat at 2.6 percent, near a record low for the online survey that has shown a gradual decline in both price measures since it began in mid-2013.
Since Republican Donald Trump was elected U.S. president last week, market-based inflation expectations have risen sharply. The Fed is looking for evidence of inflation as it contemplates another interest rate hike, as soon as December.
(Reporting by Jonathan Spicer; Editing by Meredith Mazzilli)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russia says U.S. withdrawal from Afghanistan would worsen situation - Ifax
- Scandal, gaffes mar ex-UN chief's presidential prospects in South Korea
- Pokemon Go unleashed on game-mad South Korea six months late