New York Federal Reserve: Inflation expectations rise, unemployment concerns increase

Let's begin with some breaking news out of the New York Fed. For that, we'll turn to Steve Leeman. Morning, Steve. >> Morning, Carl.Uh New York Fed inflation expectations in their consumer uh expectations survey. The expectations are rising. Unemployment concerns are increasing.Here's the expectations for inflation one year out up 0.2% to 3.4%. That's the highest since April 2025 around the time of the uh uh reciprocal tariffs. The three-year uh unchanged at 3% that is the fifth straight month right at that ...