US Consumer Inflation Expectations Hold Steady in Fed Survey (1)

US consumer inflation expectations were stable in November while perceptions about job prospects improved, according to a survey from the Federal Reserve Bank of New York.

Expected inflation a year ahead was little changed at 3.2% last month, while expected inflation three and five years ahead remained at 3%, according to median responses in the New York Fed’s monthly Survey of Consumer Expectations, published Monday. The perceived probability of losing one’s job fell to 13.8%, marking the lowest reading this year.

Fed officials are widely expected to cut their benchmark interest rate for a third ...