INFLATION EXPECTATIONS (Released August 11, next release August 25) Consumers' estimates of what inflation will average over the next 12 months and the next five years moderated as August began, the University of Michigan reported. At the one-year horizon, expectations slipped to 3.3 per cent, which was the lowest reading since March 2021. At five years, the reading dipped to 2.9 per cent, the lowest in five months.
Bloomberg