NY Fed: Year-ahead expected inflation drops to 3.5% in July, lowest since April 2021

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."Five-year ahead expected inflation at 3% in July vs 2.9% in June.""July expected home price rise moves to 2.8% from June’s 2.9%.""Survey respondents report better personal financial situations in July.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India's July fuel demand up 1.9% year on yearIndia's fuel consumption increased by 1.9% in July compared to the previous year, reaching approximately 18.09 million tonnes. However, there was a 6.6% decrease in demand compared to the previous month. According to UBS analyst Giovanni Staunovo, this decline is attributed to the seasonal pattern of Indian demand, which typically peaks in March and decreases during the summer due to the monsoon.
Source: Reuters - 🏆 2. / 97 Read more »

US inflation, economy: CPI climbed 3.2% year over year in JulyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

France: Plug-In Car Sales Improved 50% In July 2023In July, 30,097 new passenger plug-in electric cars were registered in France (up 50% year-over-year), which represented 23.3% of the market. New passenger car registrations in France increased in July by 20 percent year-over-year to 128,947, taking the year-to-date total to 1,018,732 (up 15.8 percent year-over-year). The plug-in electric car segment was growing even faster last month.
Source: InsideEVs - 🏆 579. / 51 Read more »

Economy adds 187,000 jobs in July, a sign the Fed's rate hikes are workingIn July, the unanimous decision by the Fed to raise interest rates put the key benchmark federal funds rate at a range of 5.25% to 5.5%, further restricting economic activity.
Source: FoxBusiness - 🏆 458. / 53 Read more »

‘The Fed will take comfort from moderating job growth’ — economists react to July's employment reportHere are some initial reactions from economists and other analysts to the July jobs report that came out Friday.
Source: MarketWatch - 🏆 3. / 97 Read more »

Gold rallies as Fed’s July rate hike seems last nail in coffinGold price (XAU/USD) recovers firmly as investors hope that the Federal Reserve (Fed) pushed interest rates higher for the final time this year on Wed
Source: FXStreetNews - 🏆 14. / 72 Read more »