Fed's Miran: H1 growth was slower than expected amid uncertainty

Canadian economic activity expanded at its fastest pace in 15 months in September as a measure of employment rebounded, Ivey Purchasing Managers Index (PMI) data showed on ...

The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the September 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and longer-term horizons and were unchanged at the medium-term horizon. Despite a small rebound in the expected job finding rate, labor market expectations continued to deteriorate with consumers reporting lower expected earnings growth, greater likelihoods of losing jobs, and a higher likelihood of a rise in overall unemployment. The survey was fielded from September 1 through September 30, 2025. The main findings from the September 2025 Survey are: *NY FED: MORE HOUSEHOLDS REPORT BEING BETTER OFF THAN YEAR AGO *NY FED: HOUSEHOLDS' OUTLOOK FOR LABOR MARKET DETERIORATES NY FED: SEPTEMBER YEAR-AHEAD EXPECTED FOOD PRICE RISE HIGHEST SINCE MARCH 2023 *NY FED: 1Y CONSUMER INFLATION EXPECTATIONS IN SEPT 3.4% VS 3.2% *NY FED: 5Y CONSUMER INFLATION EXPECTATIONS IN SEPT 3% VS 2.9% *NY FED: 3Y CONSUMER INFLATION EXPECTATIONS UNCHANGED AT 3%