U.S. inflation expectations rise, worsening employment prospects may hinder the Federal Reserve's adjustment of interest rates

According to Jinshi reports, based on the monthly survey by the New York Fed, U.S. inflation expectations rose in December, with consumers expecting prices to increase by 3.4% over the next year, up from 3.2% in November. At the same time, consumers' estimated probability of finding a new job after unemployment dropped to 43.1%, the lowest level since mid-2013. These data highlight the divergence among Federal Reserve officials regarding the risks of inflation and unemployment, which may hinder the Fed's policy adjustments later this month.