Americans' Financial Optimism Dips, But Inflation Expectations Stable

Novembers New York Federal Reserve report reveals a gloomier financial outlook for American households, with deteriorating current situations and slightly worsened future prospects. However, theres a silver lining: improved job market sentiment, with reduced unemployment worries and lower job-leaving intentions. Despite financial concerns, inflation expectations remain stable, with a projected 3.2% inflation rate in the next year and 3% over the next three to five years. Home price expectations hold steady, but medical cost projections surge, with a 10.1% increase predicted, the highest since January 2014.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.