- Three year inflation 3.0% vs 2.8% prior
- Five-year inflation 2.8% vs 3.0%
- Median home price rise 3.0% vs 3.1% prior
- Credit access perceptions weakened in Sept
I strongly suspect that gasoline price rises were the catalyst for the rise in short-term inflation expectations. In any case, this will keep the Fed cautious on signaling cuts too soon.
