According to the New York Fed's consumer expectations survey, the one-year inflation expectation for August increased slightly from 2.97% in the previous month to 3%. The report stated that the median inflation expectation for the next three years has rebounded slightly from the low point in July, rising from 2.3% to 2.5%; the median expected profit growth rate for the next year has increased from 2.7% to 2.9%; and the proportion of consumers expected to be unable to pay the minimum payment amount in the future has increased by 0.3 percentage points to 13.6%, the highest level since April 2020.