EUR/USD
1.16208
-0.333%
Gold
3389.08
0.587%
Oil
63.512
-0.173%
USD/JPY
147.504
0.103%
GBP/USD
1.33969
0.300%
GBP/JPY
197.618
0.413%
Real-time News
On August 7, the New York Federal Reserves latest monthly survey showed that consumers confidence in the Federal Reserves long-term inflation management has declined. The data showed that consumers expectations for inflation over the next five years were 2.9%, up from 2.6% in the June survey. Short-term inflation expectations remained largely unchanged, with expectations for the next year rising to 3.1% from 3% in June, and expectations for the next three years remaining stable at 3%. In other aspects, consumer confidence remained good in July. Fewer consumers (37%) believed that the unemployment rate would be higher in a year, the lowest proportion since January. Consumers believe that if necessary, they are 51% likely to find a new job in the next three months, up from 49.6% in June. Consumers said they expect government debt to grow by 9.1% over the next 12 months, up from 7.3% a month ago.Bank of England Governor Bailey: I will not prejudge the Bank of Englands decision on the pace of quantitative tightening in October. The steepening of the yield curve is a global phenomenon.New York Fed: The three-year expected inflation rate remained unchanged at 3.0% in July; the five-year expected inflation rate was 2.9% in July, higher than 2.6% in June.New York Fed: Home price increase expectations remained unchanged at 3% in July, and consumers believe it will be easier to obtain credit in the future.The New York Fed’s one-year inflation forecast for the United States in July was 3.09%, compared with 3.02% in the previous month.
