NY Fed August one-year inflation expectations 3.6% vs 3.5% prior

<ul><li>Survey of consumers in August puts one-year ahead expected inflation at 3.6% vs July reading of 3.5%.</li><li>August three-year ahead expected inflation at 2.8% vs. July 2.9%.</li><li>August five-year ahead expected inflation at 3.0% vs. July 2.9%.</li><li>August expected home price rise moves to 3.1% from July 2.8% — highest since July 2022</li><li>Record number of consumers said credit now harder to get</li><li>Households more downbeat on current and future finances</li><li> Income growth perceptions declined to 2.9 percent, the lowest reading since July 2021</li><li>The mean perceived probability of losing one’s job in the next 12 months rose by 2.0 percentage points to 13.8%, its highest reading since April 2021</li><li><a href="https://www.newyorkfed.org/newsevents/news/research/2023/20230911" target="_blank" rel="nofollow">Full release</a></li></ul><p>The inflation numbers are close to unchanged and a mixed bag but the finance numbers are a sign that the economy should be slowing down.</p>

This article was written by Adam Button at www.forexlive.com.