July inflation “sharply declined”

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The Nyfed just posted their Survey of Consumer for 1 & 3 year inflation Expectations:

And it showed declined across all income groups.

The group affected the most (households making less than 50k and just highschool degree) saw the largest drop in inflation expectations.

This survey most likely A preview for Wednesday CPI report.

IMO, this market will continue higher not on the fed pivoting, but how strong and resilient the consumer is ..

Despite what the fed does, the market with this job market is just too strong to be brought down into a recession

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