Inflation Expectations Return to Pre-Tariff Levels in Fed Survey

Consumer expectations for future inflation have settled back to levels last seen at the beginning of the year, prior to the announcement of aggressive new tariffs, according to monthly survey data released Tuesday by the Federal Reserve Bank of New York.

Households also provided mixed signals over the labor market, with many bracing for a tough time finding a new job — a view right in line with data showing US companies aren’t doing much hiring or firing.