The Federal Reserve Bank of New York's latest Survey of Consumer Expectations showed on Tuesday that the US consumers' one-year inflation expectation
edged higher to 3.7% in September from 3.6% in August. Key takeaways "Three-year ahead expected inflation 3% vs. August’s 2.8%." "Five-year ahead expected inflation 2.8% vs. August’s 3%." "Median expected home price rise at 3% vs. August’s 3.1%." "Expected college cost rise drops by record amount for survey.
" "Credit access perceptions weakened in September." "Consumers' view on financial situation ebbed slightly in September." "Consumers predicted steady spending growth of 5.3% in September." Market reaction The US Dollar stays under modest bearish pressure following this publication. As of writing, the US Dollar Index was down 0.22% on the day at 105.82.
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