According to the latest Survey of Consumer Expectations of the Federal Reserve Bank of New York, inflation expectation declined in August and consumers were less optimistic about the economy and their household financial situation. “Expectations for one year ahead inflation, home prices changes, and changes in the price of medical care and rent all reached new series lows. Expectations about employment, growth in earnings, spending, income, and household financial situation were generally less optimistic,” NY Fed noted in its press release. The US Dollar Index largely ignored NY Fed’s findings and was last up 0.22% on the day at 98.22. Below are some additional takeaways from the publication. “Median expected household income growth declined for the second consecutive month, from 2.9% in July to 2.7% in August.” “Median one-year ahead expected earnings growth fell 0.1 percentage points to 2.3% in August, below the 12-month trailing average of 2.5%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD technical analysis: Euro clings to daily highs into the London close FX Street 4 years According to the latest Survey of Consumer Expectations of the Federal Reserve Bank of New York, inflation expectation declined in August and consumers were less optimistic about the economy and their household financial situation. "Expectations for one year ahead inflation, home prices changes, and changes in the price of medical care and rent all reached new series lows. Expectations about employment, growth in earnings, spending, income, and household financial situation were generally less optimistic," NY Fed noted in its press release. The US Dollar Index largely ignored NY Fed's findings and was last up 0.22% on the day at 98.22.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
