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25.08 - 15:47
Consumers Lower Their Expectations of Future Inflation
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Americans are expecting less inflation in coming years, according to a recent survey by the Federal Reserve Bank of New York.
Respondents’ median expectation in July was for an annual inflation rate of 6.2% in one year, down from the 6.8% they expected in June, the regional reserve bank said Monday. They expected inflation in three years to be at 3.2%, down from the 3.6% they expected in June, and inflation in five years to be at 2.3%, down from a previous 2.8%.
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