NY Fed Survey: Consumer Inflation Expectations Largely Stable, Job Market Weakens

The New York Federal Reserve Bank released its May Survey of Consumer Expectations (SCE) on Monday. Households expect inflation to edge down slightly, remaining broadly stable despite upward pressures from geopolitical tensions in the Middle East.

At the same time, the survey indicated a weakening in the job market outlook. Respondents reported a diminished perception of job availability and higher expectations for the unemployment rate a year from now.

The SCE is a monthly survey that tracks consumer expectations for inflation, labor markets, and household finance.