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Consumers happier about finances, expect stable inflation, New York Fed says
NEW YORK — U.S. residents' outlook on inflation changed little in June, as households upgraded views on the state of their finances and ability to get credit, according to a report released on Tuesday by the New York Federal Reserve.
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ZawyaUS consumers happier about finances, expect stable inflation, New York Fed says
A New York Federal Reserve survey released Tuesday showed that concerns earlier this year that President Trump's tariffs would cause inflation to rise sharply have now completely disappeared. In addition, the report also showed that consumers' expectations about the state of their household finances have improved. Inflation is expected to remain stable.
NY Fed Survey of Consumers Shows Decline in Inflation Expectations
U.S. households’ inflation expectations have declined from a month ago, the New York Federal Reserve said Tuesday. The latest Survey of Consumer Expectations found that median inflation expectations decreased by 0.2 percentage points to 3.0% at the one-year-ahead horizon and were unchanged at 3.0% and 2.6%, respectively, at the three-year- and five-year-ahead horizons. Year-ahead expectations about households’ financial situations improved in Ju…
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