All articles tagged with #fed survey
Consumers expect higher inflation in the coming year, with expectations rising to 3.4%, especially impacting lower and middle-income households, while perceptions of job security and personal finances remain mixed amid ongoing economic uncertainties.
A new survey by the US Federal Reserve has shown that Americans' financial health has been negatively impacted by higher inflation, with many households reporting that they are struggling to keep up with rising prices. The survey also found that consumer spending has been affected, with many people cutting back on non-essential purchases. The Fed has said that it expects inflation to remain elevated in the coming months, but believes that it will eventually return to more normal levels.