NY Fed Says Consumers Saw in August Steep Declines in Future Inflation

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American consumers said successful August that they are expecting notable declines successful aboriginal levels of inflation, a study from the Federal Reserve Bank of New York said Monday.

The slope said successful its August Survey of Consumer Expectations that 1 twelvemonth from now, households spot ostentation astatine 5.7%, down from the 6.2% they predicted successful the July survey. Three years from now, survey respondents expect to spot ostentation astatine 2.8%, down from the 3.2% seen successful July.

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