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MNI: US Consumer Inflation Expectations Fall -NY Fed Survey

(MNI) Washington

Consumer expectations for inflation fell sharply in July from the previous month, according to a monthly Federal Reserve Bank of New York survey of consumers.

Median one-year ahead inflation expectations fell to 6.2% from 6.8%, while the three-year ahead measure dropped to 3.2% and 3.6%, according to the survey. The decreases were largest among lower-income and lower educated respondents.

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Consumer expectations for inflation fell sharply in July from the previous month, according to a monthly Federal Reserve Bank of New York survey of consumers.

Median one-year ahead inflation expectations fell to 6.2% from 6.8%, while the three-year ahead measure dropped to 3.2% and 3.6%, according to the survey. The decreases were largest among lower-income and lower educated respondents.

Keep reading...Show less