Reported about 7 hours ago
According to the New York Fed's June Survey of Consumer Expectations, American consumers now predict inflation to be around 3% in a year, down from 3.2% in May. This marks the lowest inflation expectation since early 2024, suggesting that households feel more confident as inflation uncertainty decreases and job security improves. The likelihood of job loss in the next year has dropped to 14%, the lowest in over six months, indicating a more optimistic consumer sentiment despite ongoing economic risks.
Source: YAHOO