The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2026 Survey of Consumer Expectations, which shows that households’ inflation expectations decreased at the short-term horizon and remained unchanged at the medium- and longer-term horizons, while home price growth expectations increased. Labor market expectations deteriorated somewhat with an increase in layoff expectations and a decline in job finding expectations. Expectations about future credit access, households’ financial situation, and delinquencies all deteriorated. The survey was fielded from May 1 through May 31, ... (full story)