U.S. consumers' inflation expectations for the one-year ahead ticked up in August, while their hopes of finding a job sank to a record low, results of a monthly survey by the Federal Reserve Bank of New York revealed on Monday, which coincided with recent readings that signaled a cooling labor market.
Median inflation expectations for the one-year ahead edged up to 3.2 percent from 3.1 percent in July, the NY Fed Survey of Consumer Expectations showed. The expected inflation for the three- and five-year ahead horizons were unchanged at 3.0 percent and 2.9 percent, respectively.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.