A Break in the Trade Clouds Lifted Consumers’ Spirits in May | News Channel 3-12

A break in the trade clouds lifted consumers’ spirits in May | News Channel 3-12

By Alicia Wallace, CNN (CNN) — Americans felt a whole lot better about prices and the job market in May, a month that featured a détente in the trade war between the US and China. Consumers’ year-ahead expectations for inflation tumbled in May by 0.4 percentage points to 3.2%, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations released Monday. It was the biggest monthly sinking of near-term inflation expec…

Consumers' inflation expectations decline as their financial outlooks improve: NY Fed survey

U.S. consumers lowered their inflation expectations at the short-, medium-, and longer-term horizons in May, as their financial outlooks improved slightly during the month.

Inflation Expectations Declined Across All Horizons, NY Fed Says

Consumers’ expectations for future price pressures improved across all horizons in May, and households’ pessimism about the labor market somewhat eased, according to monthly survey data released Monday by the Federal Reserve Bank of New York.

Inflation Expectations Tumble As Latest NY Fed Survey Suggests Fed Late To Cut

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