There is a considerable deterioration in households’ expectations regarding their labor market and financial situation in March across all age, education, and income groups, the Federal Reserve Bank of New York said in its Survey of Consumer Expectations. Key takeaways “The perceived probability of losing one’s job reached 18.5%, its highest level since the inception of the survey in June 2013.” “The expected growth in households’ income and spending fell sharply and the perceived availability of credit worsened.” “The perceived risk of missing future debt payments increased substantially.” “Median inflation expectations remained stable at the one-year horizon at 2.5% and decreased at the three-year horizon from 2.6% to 2.4%.” “The dispersion in inflation expectations across respondents and the reported inflation uncertainty increased at both horizons.” “Median one-year ahead expected change in home prices reached a new series’ low at 1.3%.” Risk rally continues Major equity indexes in the US paid little to no mind to these remarks and were all up around 4.7% on a daily basis at the time of press. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Price Analysis: Euro trades in 8-day’s lows around 1.0800 handle FX Street 2 years There is a considerable deterioration in households' expectations regarding their labor market and financial situation in March across all age, education, and income groups, the Federal Reserve Bank of New York said in its Survey of Consumer Expectations. Key takeaways "The perceived probability of losing one's job reached 18.5%, its highest level since the inception of the survey in June 2013." "The expected growth in households' income and spending fell sharply and the perceived availability of credit worsened." "The perceived risk of missing future debt payments increased substantially." "Median inflation expectations remained stable at the one-year horizon at 2.5% and decreased… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
