Mixed Views on Inflation and Credit Among American Consumers

US consumers' worries about inflation in the short term have eased to the lowest point in two years, but their concerns over obtaining credit have increased, according to the Federal Reserve Bank of New York's Survey of Consumer Expectations. The percentage of respondents who expect inflation to rise in three to five years rose, while expectations of credit access declined from a year ago. Americans collectively carry a record $1tn in household debt, and the average annual credit card interest rate hit an all-time high of 20.33%.