NY Fed: 1-year consumer inflation expectations fall to 10-month low of 5.75% – by eren_fxstreet Inflation Macroeconomics UnitedStates
of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation declined to a new 10-month low of 5.7% in August from 6.2% in July, as reported by Reuters.
Moreover, the publication revealed that consumers saw a lower chance of losing a job in August than in July and a higher likelihood of finding a new job should they lose one. Additionally, consumers in August saw the lowest chance of quitting their current job since March 2021.The greenback struggles to find demand after this report and the US Dollar Index was last seen losing 0.72% on a daily basis at 108.18.
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.
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