The New York Fed’s Survey of Consumer Expectations indicated that survey-based measures of consumer inflation expectations were little changed in June, notes the research tea, at Nomura. Key Quotes “Median inflation expectations at both the one- and three-year horizons were essentially unchanged at 3.0%. Both estimates remained very close to 3.0% for the third straight month.” “The median one-year ahead expected home price change increased 0.26pp to 3.9%, the highest reading since May 2014. Finally, household spending growth expectations increased 0.4pp to 3.4%, the highest reading since November 2017.” “Taken altogether, the June SCE showed a positive consumer outlook as the economy continues to grow well-above potential.” “Consumer credit: Consumer credit rose $24.6bn m-o-m in May with a modest upward revision to the previous month’s expansion. A bulk of that increase came from $14.8bn m-o-m increase in non-revolving loans. The acceleration in consumer credit expansion appears consistent with firming momentum in personal consumption in Q2, coupled with ongoing strength in the labor market. We expect these indicators to continue rising at a steady pace in the near term.” 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: Above 50-day MA, holds rising trendline ahead of German ZEW survey release FX Street 3 years The New York Fed's Survey of Consumer Expectations indicated that survey-based measures of consumer inflation expectations were little changed in June, notes the research tea, at Nomura. Key Quotes "Median inflation expectations at both the one- and three-year horizons were essentially unchanged at 3.0%. Both estimates remained very close to 3.0% for the third straight month." "The median one-year ahead expected home price change increased 0.26pp to 3.9%, the highest reading since May 2014. Finally, household spending growth expectations increased 0.4pp to 3.4%, the highest reading since November 2017." "Taken altogether, the June SCE showed a positive consumer outlook as… Top 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.
