NY Fed Survey of Consumer Expectations to remain stable – Nomura

Analysts at Nomura note that the US consumer inflation expectations have remained within a steady range.

Key Quotes

“The NY Fed’s Survey of Consumer Expectations reported that inflation expectations at the one-year horizon were unchanged at 2.98% in July from the previous month’s estimate. Over the three-year horizon, inflation expectations dropped modestly to 2.88% from 3.00%. Overall, survey measured inflation expectations remain stable.”