New York Fed survey shows
- 1 year inflation expectations unchanged at 3.0%:
- 3-year inflation expectations 2.5% versus 2.3% last month.
- 5 year inflation expectations unchanged at 2.8%.
- Households more upbeat on credit access
- August credit delinquencies expectations rise
- Median one-year-ahead expected earnings growth rose to 2.9% from 2.7%, slightly above the 12-month average of 2.8%.
- Mean probability of a higher U.S. unemployment rate one year from now increased to 37.7% from 36.6% in July.
- Mean perceived probability of losing one’s job in the next 12 months decreased to 13.3%, below the 12-month average of 13.7%.
This article was written by Greg Michalowski at www.forexlive.com. Source