NY Fed survey finds relative calm in inflation expectations ahead of Iran war
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The NY Fed's latest survey indicates stability in inflation expectations, with a slight decrease to 3% for the next year. However, the survey does not reflect the impact of rising oil prices due to the Iran conflict. Job market views are mixed, with respondents expecting lower unemployment but finding job searches more challenging. Credit access appears to have tightened, though future prospects are more optimistic. The upcoming University of Michigan report may provide further insights into consumer sentiment amid these economic pressures.
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