New York Fed: US inflation expectations rise in July, employment market expectations improve

According to a survey by the New York Federal Reserve, US consumers' expectations for inflation over the next year rose from 3% to 3.1% in July, and their expectations for inflation over the next five years rose to 2.9%, the highest since February. Despite the increased difficulty in obtaining credit, the proportion of households who believe their financial situation will improve in the coming year has risen for two consecutive months, and expectations for the job market have also improved.