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The New York Fed’s September Survey of Consumer Expectations showed one-year inflation expectations rose to 3.9% and three-year expectations rose to 3.3%. Five-year inflation expectations were unchanged at 3%.
Ether dropped 4.4% to as low as $2,572 as elevated Treasury yields weighed on risk appetite. Analysts said weaker institutional demand and recent spot ETF outflows were adding pressure.
Former NY Fed President Dudley warns of inflation fight credibility loss, potentially impacting monetary policy