Inflation outlook peaks at May high before Fed vote

Community Trust Score Verified 92 % Real Verified 36 votes Updated 6 minutes ago The University of Michigan reported on October 23 that US household inflation expectations rose in October, with year-ahead forecasts reaching 4.7% and long-run forecasts climbing to 3.5%. The data marks the second consecutive monthly increase for both measures, placing them at their highest levels since May. The release provides a specific data point for market participants assessing the macroeconomic environment ahead of the Federal Reserve’s next scheduled policy decision.