Inflation Expectations and Economic Concerns Impact Markets.

The Federal Reserve Bank of New York's April 2023 Survey of Consumer Expectations shows that short-term inflation expectations declined, while medium- and longer-term expectations increased slightly. Labor market expectations deteriorated slightly, with unemployment expectations and perceived job loss risk increasing and job finding expectations decreasing. Perceptions and expectations of credit conditions were mixed. Median expected growth in household income decreased, while median household spending growth expectations also decreased. The survey is a nationally representative, internet-based survey of a rotating panel of approximately 1,300 household heads.