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U.S. consumers remain optimistic about the outlook for the local job market

The Federal Reserve Bank of New York released a May survey on U.S. consumers' inflation expectations, showing that consumer inflation expectations for one year rose to 6.6%, but inflation expectations for the next three years remained unchanged at 3.9%. Although consumers have turned pessimistic about short-term inflation prospects, the rate of job loss expectations is still lower than the previous average, and the rate of expected job losses within a year has risen from 19% in the previous month to 20.3%. The survey showed that consumers The outlook for the job market remains positive.
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