- Median one-year-ahead inflation expectations declined by 0.1 percentage point (ppt) to 2.9 percent in October, three-year-ahead inflation expectations declined by 0.2 ppt to 2.5 percent, and five-year-ahead inflation expectations declined by 0.1 ppt to 2.8 percent.
- Expectations for missing a minimum debt payment over the next three months decreased by 0.3 ppt to 13.9 percent in October, the first decrease since May 2024.
- Labor market expectations improved in October with households reporting a lower likelihood for higher unemployment, a lower likelihood of job loss, and a higher likelihood of finding a job if they were laid off.
For more details:
Press Release: Inflation Expectations Decline Slightly; Labor Market Expectations Improve