"Survey Reveals Rising Long-Term Inflation Expectations, Signaling Challenges for the Fed"

Long-term inflation expectations have risen, posing a potential challenge for the Federal Reserve, as indicated by a survey from the New York Federal Reserve. While the one-year outlook remains unchanged, expectations for the three-year and five-year ranges have increased, surpassing the Fed's 2% goal for 12-month inflation. This suggests that the central bank may need to maintain tighter policies for a longer period. Additionally, the survey also revealed concerns about job prospects and fluctuations in various cost outlooks.