According to the Federal Reserve, the measure of inflation expectations remained steady at low levels in October. Released by the Federal Reserve Bank of New York, the survey of consumer expectations increased by one percent.
The year-ahead inflation expectations jumped up to 2.6 percent last month, up from 2.5 percent in September. The September figure marked the survey's lowest recorded level. But three-year ahead expectations remained flat at 2.6 percent, near a record low for the survey which began in July 2013.
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