US Household Financial Optimism Peaks Despite Inflation Concerns
TL;DR Summary
Optimism about household finances in the U.S. has reached its highest level since February 2020 following Donald Trump's presidential election victory, according to a New York Federal Reserve survey. The survey showed that 37.6% of households expect their financial situation to improve in the next year, while those expecting a decline dropped to 20.7%. Despite solid economic growth, inflation remains a concern, with expectations slightly rising. The outlook for government debt also improved, with expected growth in debt decreasing to 6.2%.
- Household finance outlook hits highest since February 2020 following Trump win, New York Fed survey shows CNBC
- US Households’ Views of Finances Are Brightest Since Early 2020 Bloomberg
- Consumers' inflation expectations tick up in NY Fed survey, but so does earnings outlook MSN
- US consumers see inflation rising, yet financial outlook improves Investing.com India
- US consumers expect higher inflation and better economy, New York Fed says Reuters
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