🏦🇺🇸N.Y. Fed July Inflation Expectations Fall to 6.2%

• N.Y. Fed July consumer inflation expectations ticked lower, the median now sees the one-year estimate at 6.2%, three-year median is now at 3.2%. Both consumer inflation surveys slowed down sharply from June

• It might be debatable on how accurate are consumers in forecasting inflation. During the last year, this is not the first time consumer expectations drop while headline inflation continues to rise.