Reported 2 months ago
A recent report from the Federal Reserve Bank of New York reveals that U.S. consumers' medium-term inflation expectations dropped from 2.9% to 2.3% in July, marking the lowest figure since the survey began in 2013. Although near- and long-term expectations remained stable, concerns about debt repayment increased among households, particularly those with lower incomes, with a reported 13.3% probability of missing a payment, the highest since April 2020.
Source: YAHOO