U.S. inflation expectations rise, worsening employment prospects may hinder the Federal Reserve's interest rate adjustments

ChainCatcher reports, according to Jintiao, based on the Federal Reserve's monthly survey, U.S. inflation expectations for December have risen, with consumers expecting prices to increase by 3.4% over the next year, up from 3.2% in November. At the same time, consumers' estimated probability of finding a new job after unemployment has fallen to 43.1%, the lowest level since mid-2013. These data highlight the divergence among Federal Reserve officials regarding inflation and unemployment risks, which may hinder the Fed's policy adjustments later this month.
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