A recent survey by the Federal Reserve Bank of New York (New York Fed) shows that US consumers' mid-term inflation expectations have reached new historic lows. According to the survey results, the one-year inflation expectation in July was 2.97%, slightly down from 3.02% last month; while the median value for future three-year inflation expectations dropped significantly to 2.3%, this figure marks the lowest since June 2013. This trend reflects a gradual weakening of market expectations regarding inflationary pressures in the US economy. Additionally, the New York Fed noted that compared to the same period last year, consumers' outlook on credit availability is more pessimistic. The report indicates that the proportion of households that believe it's harder to get credit now than a year ago has risen, which could further affect consumer spending and overall economic growth. In terms of specific price expectations, consumers generally anticipate gasoline prices to rise by 3.46% next year, food prices to increase by 4.67%, medical costs to rise by 7.61%, college education fees to go up by 7.15%, and rental costs to grow by 7.14%. These data reflect consumers' expectations of price changes across different sectors and their sensitivity to potential economic pressures. In summary, the US consumer inflation indicators show a clear downward trend, suggesting that there may be a relief in inflationary pressures in the US economy over the next period. However, changes in credit conditions and price expectations for specific goods and services remain noteworthy, as they have significant impacts on consumer confidence and economic activity.