New York Fed: US consumers' one-year inflation expectation for July slightly decreased to 3.6%, unemployment expectation rose
The New York Fed's Survey of Consumer Expectations, released on Friday, showed that U.S. consumers' inflation expectations for the year ahead slightly decreased from 3.7% in June to 3.6%. However, inflation expectations for the next three and five years remained unchanged at 3.3% and 3.0%, respectively. Meanwhile, consumers anticipate a rise in future unemployment rates and an increased risk of job loss. Nevertheless, respondents' assessment of their current and future financial situations improved, and they believe the likelihood of finding a new job if they lose their current one has increased.
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