A shopper inside a grocery store in San Francisco on May 2, 2022. Photographer: David Paul Morris/Bloomberg
U.S. long-term inflation expectations picked up in October, in a potentially concerning sign for the Federal Reserve as it tries to keep price views steady.
In the final October reading from the University of Michigan, consumers expect prices to climb at an annual rate of 2.9 percent over the next 5 to 10 years, compared with last month's 2.7 percent. And they see costs rising 5 percent over the next year, up from 4.7 percent in September, data showed Friday.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
