August 14, 2023
Consumer sentiment is improving overall, with decreased expectations of inflation. According to the July 2023 Survey of Consumer Expectations released by the Federal Reserve Bank of New York’s Center for Microeconomic Data, inflation expectations declined at the short-, medium- and longer-term horizons. At the one-year-ahead horizon, consumers’ median inflation expectations dropped from 3.8% to 3.5%. At both the three-year […]
