American households trimmed their one-year inflation expectations to 3.6% in July, down from 3.7% the previous month, according to data reported by Nyhetsbyrån Direkt.
The decline marks a continued softening in consumer price outlooks, aligning with broader macroeconomic signals that inflationary pressures are receding across the US economy.
6% in early Sunday trading as participants awaited further confirmation.
The shift in sentiment arrives as markets digest a series of disinflationary data points.
US consumer price inflation decelerated significantly in June, falling to an annual rate of 3.5%, according to preliminary estimates from the Bureau of Labor Statistics.
This notable decline from prior months has bolstered investor confidence that the Federal Reserve’s tightening cycle has effectively anchored price stability.
Equity markets had already begun positioning for this trajectory, with S&P 500 futures dropping 0.4% and Nasdaq-100 futures falling 0.6% in early Sunday trading as participants awaited further confirmation.