The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2022 Survey of Consumer Expectations, which shows that inflation expectations increased at the one-year horizon and remained stable at the three-year horizon. Household spending expectations over the next year rose sharply to a new series high. Credit access perceptions (relative to a year ago) and expectations (one year from now) both deteriorated. Similarly, households’ perceptions and expectations for current and future financial situations both deteriorated in May. CONTINUED
Federal Reserve Bank of New York
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