By Michael S. Derby
NEW YORK, Sept 8 (Reuters) - U.S. consumers' outlook for inflation was little changed in August, as households' worries about the job market and the state of their personal finances mounted, the New York Federal Reserve said in a report on Tuesday.
The regional Fed bank's latest Survey of Consumer Expectations showed respondents holding steady in August to projections of 3.6% inflation a year from now and 3% five years from now, while marking down expected inflation in three years to 3.2% from July's 3.3%.
Respondents in August projected higher gasoline prices in a year, the report said.
While households' inflation forecasts did not move much, their outlook on hiring and personal finances became more tenuous.
#august #report #year
NEW YORK, Sept 8 (Reuters) - U.S. consumers' outlook for inflation was little changed in August, as households' worries about the job market and the state of their personal finances mounted, the New York Federal Reserve said in a report on Tuesday.
The regional Fed bank's latest Survey of Consumer Expectations showed respondents holding steady in August to projections of 3.6% inflation a year from now and 3% five years from now, while marking down expected inflation in three years to 3.2% from July's 3.3%.
Respondents in August projected higher gasoline prices in a year, the report said.
While households' inflation forecasts did not move much, their outlook on hiring and personal finances became more tenuous.
#august #report #year
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