U.S. 5- to 10-Year Inflation Expectations Fall to 3.4% in June Preliminary Reading

U.S. 5- to 10-year inflation expectations came in at 3.4% in the preliminary June reading, compared with a forecast of 3.9% and a prior reading of 3.90%. According to Jin10, the data showed the preliminary figure was below both the expected level and the previous reading.