According to the New York Federal Reserve's Consumer Expectations Survey, one-year inflation expectations rose to 3.91% in October, marking the highest level since May 2023 and up from 3.90% in September. The probability of job loss over the next 12 months increased 0.4 percentage points to 13.9%, while consumers expect healthcare costs to surge 9.3% over the next year, with housing rents anticipated to climb 7.7%.

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