U.S. August New York Fed 1-year inflation expectation 3%, previous value 2.97%

ChainCatcher news, according to Jinshi, the U.S. one-year inflation expectation for August from the New York Fed is 3%, up from the previous value of 2.97%.

A report released by the New York Fed on Monday showed that the public's expectations for inflationary pressures in the U.S. remained largely unchanged from last month, as current price pressures continue to ease. The Fed's latest consumer expectations survey found that respondents in August expect inflation rates of 3% and 2.8% one year and five years from now, respectively, which is basically flat compared to July. Respondents expect the inflation rate three years from now to rise from 2.3% in July to 2.5%.

The report also found that the expected change in housing prices in August increased from 3% last month to 3.1%. Although the overall inflation expectations for August remained stable, the report indicated that the public expects prices for gasoline, rent, and healthcare to rise, while the increases in food and college prices are expected to slow down. The report stated that respondents view the labor market outlook as mixed, expecting income to increase, and spending expectations have also risen.