New York Fed survey of consumers: One-year inflation expectations 3.0% vs 2.9% prior ...Middle East

Prior one-year inflation expectations 2.9% (a four-year low)Three-year inflation expectations 2.6% vs 2.5% priorFive-year inflation expectations 2.9% vs 2.8% priorOther statistics:Current household financial situation perceptions steadyRespondents sharply cut expectations of future government borrowingMean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—ticked up by 0.5 ppt to 35.0 percent. The share of Americans who expect they will be better off financially over the coming year jumped in November to its highest level since Feb 2020 (this is likely politics) This article was written by Adam Button at www.f

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