Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

NY FED’s survey shows the expectations of the American labor market, which is below pandemic from pandemic


This Federal reserve On Monday, New York was released on the latest research of consumer expectations on Monday, which reduced the expectations of the labor market of Americans to the lowest level.

The expectations of respondents will be higher than today in March 44% in March, the highest reading of 2020 was among age, education and income groups since 2020.

The probability of losing one of the next 12 months has increased by 1.6 percent to the highest level since March 2024 and increased by 15.7%. This increase was the largest for respondents below $ 50,000 per annum home income.

Level of confidence in the possibility of respondents Find a job If they lose their existing work, 0.1% decreased by 51.1%.

Fed Seat Powell said that the tariffs that could cause inflation to increase in inflation

Job Exhibition in North Carolina

The new York Fed’s request for consumers has dropped expectations for the work market. (Allison Joyce / Bloomberg Getty Imager / Getty Images)

Consumers are also waiting Inflation will hit a higher level Within the next year, the survey increased by 0.5% on the horizon, a year ahead of inflation expectations. In 3% of the three-year-old Horizon, inflation expectations increased by up to 2.9% in the five-year horizon.

Expected year ahead price increase 0.1 percent for dinner, 5.2% since May 2024, its highest level, the highest level since 2024. Rent 7.9%, rented 7.2%.

The year ahead price expectations were reduced by 3.2% to 0.5 percent, 0.2% for college education, up to 0.7%.

Evaluation fears, tariff uncertainty immerse to consumer sentiment

shopping down a hallway

According to the New York Fed, consumers expect food prices to increase by 5.2% over the next year. (Scott Olson / Getty Images / Getty Images)

In addition, the survey was difficult for households to get credit, and those who saw the ministers in March financial situations were difficult to receive a loan. The visibility of the possibility of shares to increase shares since June 2022 is also the lowest.

New York Fed report comes against the background of economic uncertainty as President Donald Trump It is the reconstruction of the American Trade Policy, a Tat-Tat Trade War with basic trading partners such as China, Canada, Mexico and the European Union.

Get the fox work on the way by clicking here

Economists believe Import taxes Inflation will increase the increase in inflation, because the enterprises are usually transferred to the tariff expenses through higher prices – although the amount of consumption prices will increase and how long it is to discuss how many continuous terms of trade is uncertain.

Reuters contributed to this report.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *