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.