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New York Fed: Concerns about job market conditions in September intensify inflation expectations rise slightly "

Internet reports that a report released by the New York Federal Reserve on Tuesday showed that Americans became more worried about the future of the job market in September, while raising their forecasts for the future path of inflation in the near future. The bank's latest consumer expectations survey shows that respondents have increased expectations that the overall unemployment rate this year will be higher than in August as the expected probability of unemployment rises. But respondents also believe that if unexpected unemployment occurs, the chances of finding a new job in the next three months will be greater. The bank said concerns about the future of the job market came as U.S. households were more optimistic about their current financial situation and "slightly" lowered their expectations for the coming year. As of September, households reported reductions in future spending expectations due to divergent views on future income and income levels. At the same time, the September report also found that one-year inflation expectations rose to 3.4% from 3.2% in August, while inflation expectations stabilized at 3% for the next three years. Five-year inflation expectations for September also rose to 3% from 2.9% the previous month. The report also pointed out that food prices in the coming year are expected to rise to the highest level since March 2023. (Jin Shi)

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