U.S. September New York Fed 1-year inflation estimate of 3 per cent
U.S. September New York Fed 1-year inflation expectations of 3% vs. 3.00% previously. Consumer expectations for inflation over the next three years were 2.7 per cent, compared with 2.5 per cent previously, according to the New York Fed. Consumer expectations for inflation over the next five years were 2.9 per cent, compared with 2.8 per cent previously.
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U.S. stocks closed higher with all three major indexes up, while XPeng Motors fell nearly 8%
The Dow Jones Index closed up by 185.13 points, with the S&P 500 and Nasdaq also rising.
The US Dollar Index fell by 0.06%, closing at 99.357.
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