In June, US inflation expectations decreased for the second month, with consumers expecting a 3% annual rise, down from 3.2% in May.
US inflation expectations fell for the second consecutive month in June, according to a Federal Reserve Bank of New York survey. Consumers now expect prices to rise at an annual rate of 3% over the next year, down from 3.2% in May. The drop in expectations comes as other recent reports show consumers feeling better about their year-ahead earnings, but more concerned about the possibility of losing their jobs.
July 08, 2024
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