NY Fed Survey Shows Softer Inflation Outlook Despite Higher Gas Price Forecast
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NY Fed survey shows softer inflation expectations in October compared to September.
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Respondents expect lower inflation rates 1, 3, and 5 years from now.
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Gasoline price expectations rose to 5% from 4.8% in September.
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Outlook for job market and personal finances remained largely unchanged.
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Data contrasts with University of Michigan survey showing rise in 1 and 5-year inflation expectations.