Inflation concerns among U.S. consumers intensified in September, with Americans expecting prices to rise at the fastest pace in more than three years as higher energy costs and household expenses put renewed pressure on the Federal Reserve.
Median inflation expectations for the next 12 months jumped to 3.9%, up from 3.6% in August, according to the Federal Reserve Bank of New York's September Survey of Consumer Expectations. It was the highest one-year reading since May 2023, when they stood at 4.1%.
