The relative stability of inflation expectations last month came as the survey found respondents predicted accelerating price increases for a range of key categories.
At the same time, survey respondents were more downbeat about access to credit and their current and future financial positions.
A record number of households reported that credit was harder to get and a rising number of respondents predicted tougher credit access in the months ahead.
The New York Fed survey arrives as the Fed moves toward its next rate-setting Federal Open Market Committee meeting, scheduled for September 19-20.
Inflation expectations “have been incredibly well behaved, “ New York Fed President John Williams said last Thursday.
Persons:
Shannon Stapleton, “, John Williams, we've, Michael S, Chizu
Organizations:
Federal Reserve Bank of New, REUTERS, New York Fed, “ New York Fed, Thomson
Locations:
Federal Reserve Bank of New York, New York City, U.S, July’s, Central