BlockBeats messages. On August 7, the latest survey results from the Federal Reserve Bank of New York showed that in July, Americans’ overall expectations for the job market improved, and their expectations for future inflation also changed. Consumers’ inflation expectations for the coming year edged down from 3.7% to 3.6%. Inflation expectations for the next three and five years were kept unchanged at 3.3% and 3%, respectively. The probability that unemployed workers perceive they can find a new job rose to 46.2%, the highest this year. This increase was most pronounced among people with high school or less education and households with an annual income below $50,000.

Consumers were more optimistic about the stock market, with the probability that they expect stock prices to rise one year from now reaching the highest level since April 2021 for this set of data.