NY Fed economic expectations: Inflation expectations dip modestly ...Middle East

In October, the New York Federal Reserve reported the following economic expectations:Labor markets and household finance are largely stable.The year-ahead home price is expected to rise at 3%, unchanged from the previous estimate.Year-ahead gas prices are expected to rise at 5%, slightly higher than September's 4.8%.The five-year ahead expected inflation rate is at 2.7%, down from September's 2.8%.Three-year ahead expected inflation remains steady at 3%.Year-ahead expected inflation is projected to be 3.6%, down from September's 3.7%.Modestly lower inflation expectations from a month ago. This article was written by Greg Michalowski at www.forexlive.com.

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