Americans’ concerns regarding credit conditions and their own financial situations deteriorated in May, while anxieties over inflation in the coming months dropped to the lowest point since May 2021, new data published on June 12 show.
According to the Federal Reserve Bank of New York’s May survey of consumer expectations, median inflation expectations among Americans declined by 0.3 percentage points, to 4.1 percent last month, the lowest reading in two years.
“That is consistent with the theme that inflation is coming down—probably more slowly than many were hoping—but nonetheless, that trend remains lower both from an actual data standpoint and also from a consumer expectation standpoint,” Angelo Kourkafas, an investment strategist with Edward Jones, told CNN….