NY Fed August one-year inflation expectations 3.6% vs 3.5% prior

• Survey of consumers in August puts one-year ahead expected inflation at 3.6% vs July reading of 3.5%.
• August three-year ahead expected inflation at 2.8% vs. July 2.9%.
• August five-year ahead expected inflation at 3.0% vs. July 2.9%.
• August expected home price rise moves to 3.1% from July 2.8% — highest since July 2022
• Record number of consumers said credit now harder to get
• Households more downbeat on current and future finances
• Income growth perceptions declined to 2.9 percent, the lowest reading since July 2021
• The mean perceived probability of losing one’s job in the next 12 months rose by 2.0 percentage points to 13.8%, its highest reading since April 2021
• Full release

The inflation numbers are close to unchanged and a mixed bag but the finance numbers are a sign that the economy should be slowing down.

This article was written by Adam Button at http://www.forexlive.com.