Reported about 1 month ago
The New York Federal Reserve's August survey indicates that inflation expectations remain steady, with respondents anticipating a 3% inflation rate one year from now and 2.8% five years ahead. Despite a slight rise in expectations for house prices, the public does foresee higher costs for gas, rent, and medical care. The Fed is likely to reduce its interest rate next week in response to easing price pressures and mixed labor market outlook.
Source: YAHOO