NY Fed Survey Shows Rising Prices
Service sector leaders reported widespread pricing pressures and a worsening business outlook in October according to a New York Federal Reserve survey. Selling price increases reached their fastest pace since 2022 amid deteriorating supply availability.
Service sector businesses across the United States reported worsening pricing pressures and a downbeat activity outlook in October, according to a Federal Reserve Bank of New York survey released Friday. The findings highlight persistent inflationary challenges facing regional firms despite broader economic resilience. Investors are monitoring how these persistent price pressures will influence upcoming central bank rate decisions.
