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According to a report by Jinse Finance, a monthly survey by the Federal Reserve Bank of New York shows that U.S. consumer inflation expectations rose in July, and views on the job market also improved. The New York Fed stated on Thursday that expectations for the inflation rate over the next year edged up from 3% in June to 3.1%. Expectations for inflation over the next three years remained at 3%, while expectations for the next five years rose to 2.9%, the highest level since February. The rise in inflation expectations will reinforce the stance of Federal Reserve officials who prefer to keep rates unchanged for now. So far this year, they have kept interest rates steady, but an increasing number of investors are betting that the Fed will cut rates at its next policy meeting in September. The New York Fed survey also found that more households reported increased difficulty in obtaining credit, and the proportion of those who believe they may not be able to make minimum payments in the next three months also rose slightly. However, the share of households expecting their financial situation to improve over the next year increased for the second consecutive month, while the proportion of respondents who said they are worse off than a year ago fell to the lowest level since January 2022.

According to a report by Jinse Finance citing Xinhua News Agency, Ukrainian President Zelensky stated on social media on the 7th that there are three priorities for ending the Russia-Ukraine conflict: Russia agreeing to a ceasefire, establishing a mechanism for leaders to meet, and ensuring Ukraine’s long-term security guarantees.