NY Fed inflation expectations for July survey shows:
- 1-year ahead expect inflation at 3.1% versus 3.0% in June
- three year ahead expect inflation unchanged at 3.0%.
- Five year expect inflation to .9% versus 2.6% in June
The NY Fed also sees
- home price rising expectations unchanged at 3.0% in July
- consumers more upbeat about current and financial outlooks
- consumers see credit easier to get in the future.
This article was written by Greg Michalowski at investinglive.com.