Mumbai, Sept. 9 -- U.S. consumers' inflation expectations for the one-year ahead ticked up in August, while their hopes of finding a job sank to a record low, results of a monthly survey by the Federal Reserve Bank of New York revealed on Monday, which coincided with recent readings that signaled a cooling labor market.
Median inflation expectations for the one-year ahead edged up to 3.2 percent from 3.1 percent in July, the NY Fed Survey of Consumer Expectations showed. The expected inflation for the three- and five-year ahead horizons were unchanged at 3.0 percent and 2.9 percent, respectively.
The latest survey was carried out among approximately 1,300 households from August 1 to August 31.
The NY Fed survey also showed that household...