The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation dropped to the lowest level since April 2021 at 3.5% in July from 3.8% in June.
The US Dollar Index showed no immediate reaction to this report and was last seen rising 0.3% on the day at 103.15.
Key Takeaways
“Three year-ahead expected inflation at 3% in July vs 2.9% in June.”
“Five-year ahead expected inflation at 3% in July vs 2.9% in June.”
“Survey finds retreating inflation expectations across a number of categories.”
“July expected home price rise moves to 2.8% from June’s 2.9%.”
“July expected rent price increase lowest since January 2021.”
“Survey respondents report better personal financial situations in July.”
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