Consumer Confidence Dips on Inflation

This is a news story, published by CNBC, that relates primarily to The New York Fed's news.

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year inflation outlook

CNBC

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Three-year inflation outlook hits record low in New York Fed consumer survey

Summary

Nutrition label

78% Informative

The New York Fed's Survey of Consumer Expectations put the three-year inflation outlook at 2.3% , the lowest in a data series going back to June 2013 .

Household spending is expected to increase by 4.9% , which is 0.2 percentage point lower than in June and the lowest reading since April 2021 .

Expectations for employment brightened, despite the rising unemployment rate.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive