11 December 2023
The NY Fed’s November survey indicated a decline in 1-year inflation expectations, the lowest since April 2021, while 3 and 5-year forecasts remained steady. This drop is mainly attributed to decreasing gas prices. The survey also showed a record high average full-time job offer, but Americans are less willing to move, possibly due to high mortgage rates. Despite these trends, there is a positive outlook on household finances, with increased optimism about future financial situations and a lower likelihood of missing debt payments.