"US Inflation Expectations Hit 3-Year Low, According to NY Fed Survey"

The December 2023 Survey of Consumer Expectations by the Federal Reserve Bank of New York reveals a decline in inflation expectations across short-, medium-, and longer-term horizons, reaching the lowest level recorded since January 2021 at the short-term horizon. Earnings and spending growth expectations also decreased, while perceptions of credit access and households' financial situations improved slightly. The survey provides insights into Americans' views on job prospects, earnings growth, spending, and access to credit, and includes measures of uncertainty regarding consumers' outlooks.