Concerns about inflation triggered by Trump's tariffs have eased, and a Federal Reserve survey shows that public expectations are stable

According to a survey by the Federal Reserve Bank of New York, consumers' expectations for inflation over the next year remain at 3%, consistent with levels prior to Trump's presidency, indicating that concerns about inflation triggered by Trump's tariff policies have largely dissipated. Despite the overall stabilization of inflation expectations, consumers still have high expectations for rising living costs such as gasoline, medical expenses, college tuition, and rent. In terms of employment, the likelihood of rising unemployment has decreased, with the proportion of those worried about unemployment falling to 14%