Americans' inflation expectations fall to lowest level in 2 years, NY Fed survey shows
Americans are becoming more optimistic about inflation cooling in the coming months, with the median expectation being that the inflation rate will be 3.4% one year from now, down from a high of 7.1% in June, although consumers anticipate that it will take longer for price growth to slow in the longer term, according to a survey by the Federal Reserve Bank of New York.