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[U.S. Inflation Expectations Rise, Employment Outlook Worsens] The New York Fed's monthly survey shows that in December 2022, U.S. consumers expect prices to rise by 3.4% over the next year, up from 3.2% in November. The estimated probability of finding a new job after unemployment dropped to 43.1%, the lowest level since the survey began in 2013. These data reflect the divergence among Federal Reserve officials regarding inflation and unemployment rate risks, which may influence the interest rate adjustments at the policy meeting later this month.