New York Fed Consumer Survey Says Inflation Expectations Falling

The Federal Reserve Bank of New York released its latest Survey of Consumer Expectations today. Some good news for consumers: Medium one- and three-year-ahead inflation expectations declined sharply in July. They fell from 6.8 percent to 3.6 percent in June to 6.2 percent and 3.2 percent in July. Here is a link to the full survey.

One year inflation expectations (Federal Reserve Bank of New York Consumer Survey/August 8, 2022)

Three year inflation expectations (Federal Reserve Bank of New York Consumer Survey/August 8, 2022)