New York Fed: U.S. consumers 'inflation expectations fall in the coming year

On September 8, the New York Fed's consumer survey showed that U.S. consumers 'inflation expectations for the coming year in August were 3.58%, down from 3.63% in July. But the expected increase in gasoline prices over the next year increased to 4.61% from 2.89% in July. The proportion of respondents who expect the unemployment rate to be higher than current levels a year later rose to 44.42%, the highest since 2020. At the same time, the proportion of consumers who are expected to miss their minimum debt payments in the next three months also rose, rising to 13.16% from 12.00% in the previous month.