The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the April 2022 Survey of Consumer Expectations, which shows that inflation expectations fell at the one-year horizon and rose at the three-year horizon. Households remained positive about their labor market prospects with earnings growth expectations stable at its series high and job-loss expectations hovering near its series low. Household spending expectations over the next year also rose to a series high. However, perceptions of credit access relative to a year ago fell for the fourth consecutive month, and expectations of credit access one year from now also declined to a series low. CONTINUED
Federal Reserve Bank of New York
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