US Inflation Expectations Hit Two-Year Low in May
TL;DR
The Federal Reserve Bank of New York's May 2023 Survey of Consumer Expectations shows that short-term inflation expectations have declined to their lowest level in two years, while medium- and longer-term expectations have slightly increased. Labor market expectations were mixed, with expected earnings growth declining and unemployment expectations and perceived job loss risk improving. Households' perceptions and expectations for credit conditions and their own financial situations all deteriorated slightly. The survey is a nationally representative, internet-based survey of a rotating panel of approximately 1,300 household heads.
Topics:businesseconomy#consumer-expectations#economy#federal-reserve-bank#household-finance#inflation#labor-market
- Short-Term Inflation Expectations Decline Further; Households Become Slightly More Pessimistic About Credit Conditions - FEDERAL RESERVE BANK of NEW YORK Federal Reserve Bank of New York
- Inflation outlook hits two-year low in latest New York Fed survey CNBC
- Americans haven’t been this optimistic about inflation in two years CNN
- NY Fed: Inflation outlook hits two-year low CNBC Television
- Consumer inflation expectations continue to drop in May Axios
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