More US households anticipate they’ll be financially worse off in the year ahead as gas and food prices creep higher, according to the New York Federal Reserve’s March survey of consumer expectations. Across the board, consumers’ feelings soured last month as the US-Israel war on Iran began to rip through the global economy and sent gas prices above $4 per gallon. Near-term inflation expectations rose, the outlook for earnings growth slid a tad, and fears that the unemployment rate will worsen in the next year hit the highest level since last April, when President Trump’s “Liberation Day” tariffs rattled markets. Put ... (full story)