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U.S. inflation expectations edge up: NY Fed survey

Reuters  |  NEW YORK 

NEW YORK (Reuters) - U.S. inflation expectations edged up again in October, touching their highest level in six months, according to a Federal Reserve Bank of New York survey that could spell some relief for central bankers looking for hints of price pressure.The survey of consumer expectations, an increasingly valuable gauge as the Fed cautiously raises interest rates in the face of below-target inflation, showed the one-year-ahead measure was 2.61 percent in October, its second monthly rise. That's up from 2.54 percent the month before and the highest since April.The three-year-ahead ...

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First Published: Mon, November 13 2017. 21:32 IST