NY Fed: 1 year inflation expectation rises to 6.8% vs 6.6% last month.

The NY fed is out with their monthly survey results:

• median one year inflation expectations rises to 6.8% from 6.6% in May
• 3 year inflation expectations falls to 3.6% from 3.9%
• sees home prices up 4.4% in the next year which is down from 5.8% in May
• Year head earnings growth expectations were unchanged at 3%
• median one year household income growth expectations rises to 3.2% in June from 3.0% May
• consumers see 40.4% probability of higher unemployment rate in a year. That is the highest since April 2020
• median one year household spending growth expectations falls to 8.4% in June from 9.0% May
• more than half of US consumers is either household financial situation deteriorated from a year ago.
• Nearly half expected to hassle financial situation to worsen in the year ahead

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term