New York Fed report shows inflation expectations rise to 2.7% over the next three years

According to Odaily Planet Daily, the New York Fed's one-year inflation forecast for the United States in September was 3%, up from 3.00% in the previous period. Data from the New York Fed showed that consumers expected inflation to be 2.7% in the next three years, up from 2.5% previously. Consumers expected inflation to be 2.9% in the next five years, up from 2.8% previously.