NY Fed Consumer Sentiment Survey: More households expect worse financial conditions
|According to a consumer sentiment survey from the Federal Reserve (Fed) Bank of New York, the share of households bracing for higher inflation, worsening employment prospects, and deteriorating credit conditions has risen rapidly in recent months.
Key highlights
The share of households seeing a worse financial situation is the highest since October 2023.
March expectation unemployment will rise to the highest since April 2020.
In March, households were more downbeat on finances and credit access.
The survey found accelerating food and rent expected inflation in March.
In March, households were more pessimistic about jobs and future earnings.
One-year inflation expectations rise to 3.58% vs 3.13%.
US 3-year inflation expectations held at 3% in March.
US 5-year ahead expected inflation 2.9% vs. February's 3%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.