New York Fed: Inflation expectations slightly decline, labor market expectations improve

November 13th, Jinshi Data, New York Federal Reserve Bank’s Microeconomic Data Center released the October 2024 Consumer Expectations Survey, which showed that households’ short-term, medium-term, and long-term inflation expectations declined slightly, labor market expectations improved, reporting lower unemployment rates and unemployment risks. Surveyed households indicated an increased likelihood of finding a job if they were laid off. Views on credit access improved in October, with expectations for future credit access rising. Families reported a drop in the likelihood of being unable to repay the minimum debt on time in the next three months.