Fed Survey: One-Year Inflation Outlook Hits 3.9%

“CNBC reports the Fed's Survey of Consumer Expectations shows the median one-year inflation outlook rose to three point nine percent, the highest since May 2023.” — Hank Ledger, on air

On air: Hank Ledger on Market Hours
Published 11:06 AM ET, Wednesday, October 7, 2026
Updated 12:53 AM ET · aired 4 times

At a glance

First reported by CNBC: “Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023”.
Covered on BBN on Wednesday, October 7, 2026, at 11:06 AM ET on Market Hours, by Hank Ledger; aired 4 times.
Topics: Fed.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

CNBCInflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023

What BBN said about it

Hank Ledger · Lead AnchorCNBC reports the Fed's Survey of Consumer Expectations shows the median one-year inflation outlook rose to three point nine percent, the highest since May 2023.
Hank Ledger · Lead AnchorJoining us via satellite is a central-bank official who insists on anonymity. We are told they are in a parking garage. Welcome.
Anonymous OfficialDon't say the garage out loud! There are cameras. And pillars. Anyone could be behind a pillar. Level three, by the way.
Hank Ledger · Lead AnchorYou just said the level. Let's start simple. Consumers now expect three point nine percent inflation. Is that a problem?
Anonymous OfficialOfficially, expectations are well anchored. Unofficially, the anchor is in a minivan with a flat tire and I can't find the exit.
Hank Ledger · Lead AnchorThe editor's note says the ten-year yield has spiked and this reverses the cooling story that supported stocks. Does your building know?
Anonymous OfficialWe know. Yesterday someone taped a printout of the chart to the break room microwave. Nobody has reheated anything since. Respect for the dead.
Hank Ledger · Lead AnchorThat is not an answer. Will the Fed react to a survey of what people merely feel?
Anonymous OfficialI'm not saying surveys matter, but I've personally been feeling three point nine since breakfast, and I paid eleven dollars for a muffin.
Hank Ledger · Lead AnchorA muffin is anecdotal. Is it fair to say your institution is hoping the public just stops noticing prices?
Anonymous OfficialHope is not a policy tool. It's a feeling, like the survey. Wait, is that my car? No. Wrong Camry. Hide me.
Hank Ledger · Lead AnchorWe'll have to leave it there. Our guest is now crouching behind a Camry. These are opinions only, and the data is CNBC's.