INSUBCONTINENT EXCLUSIVE:
they are still well anchored
Expectations for inflation one and three years in the future were steady in September at 3 per cent, according to the Federal Reserve Bank
tolerate some overshoot of their 2 per cent inflation goal
Headline gains have clocked in at or above 2 per cent since March, following years of below-target readings
Consumers regularly overestimate price increases, so the direction of expectations matters more than the level; in other words, stability is
over the next year increased to 16 per cent in September, the highest since November 2016 and up from 13.8 per cent in August
That said, workers became slightly more confident they could find a job if they lost one.
