The New York Fed survey on inflation and consumer sentiment shows:
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June year-ahead expected inflation at 3.0%, down from May’s 3.2%
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Three-year-ahead expected inflation unchanged at 3.0%
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Five-year-ahead expected inflation unchanged at 2.6%
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Home price rise expectations unchanged at 3%
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Expectations for prices of rent, gas, medical care, and college accelerated in June
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Households more optimistic in June on personal finances and credit access
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Labor market expectations improved in June
Somewhat good news from the New York Fed consumer survey prices and consumer optimism
This article was written by Greg Michalowski at www.forexlive.com.