According to an consumer’s feeling survey of the Federal Reserve Bank (FED) of New York, the proportion of homes that are prepared for greater inflation, worse employment perspectives and deteriorated credit conditions has increased rapidly in recent months.
Key aspects
The proportion of households that see a worse financial situation is the highest since October 2023.
The unemployment rate in March is expected to rise to the highest level since April 2020.
In March, households were more pessimistic about their finances and access to credit.
The survey found an acceleration of the expected inflation in food and rent in March.
In March, households were more pessimistic about future jobs and profits.
Inflation expectations at one year rise to 3.58% compared to 3.13%.
3 -year inflation expectations in the US remained at 3% in March.
The 5 -year expected inflation in the US is 2.9% compared to 3% in February.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
