NY Fed Survey Shows Consumer Inflation Expectations Climbed in June
- The Federal Reserve Bank of New York's Survey of Consumer Expectations showed one-year and longer-run inflation expectations both rose in June, per Bloomberg.
- Rising household inflation expectations are closely watched by Fed officials as they can feed into actual wage and pricing behavior, complicating the central bank's path on rates ahead of Wednesday's FOMC minutes.
- The data lands the same day ISM manufacturing prices paid posted its largest one-month drop since 2022 (ID 162), highlighting a split between producer and consumer inflation signals.