FX.co ★ U.S. 1-Year Inflation Expectations Edge Lower to 3.6% in July, NY Fed Data Show

Consumer inflation expectations in the United States eased slightly in July, according to the latest release from the Federal Reserve Bank of New York. The median 1-year inflation expectation fell to 3.6% in July 2026, down from 3.7% recorded in June 2026.

The marginal decline suggests that U.S. consumers continue to foresee elevated, but gradually moderating, price pressures over the coming year. The July reading, updated on 07 August 2026, may be closely watched by policymakers and markets as an indicator of how firmly inflation expectations are anchored following a period of heightened price growth.