02:32 PM EDT, 08/12/2024 (MT Newswires) -- The New York Fed's inflation expectations survey for July showed no changes to the outlook for the one-year and five-year horizons, at 3% and 2.8% respectively, but the outlook for the three-year horizon fell to a record low of 2.3% from 2.9% in the June survey.

The US Treasury reported a $243.74 billion budget deficit in July, larger than the $220.78 billion deficit reported in July 2023 due to much larger receipts partially offset by larger outlays. The fiscal year-to-date gap was smaller through the first ten months this year than in the same period a year earlier.