Consumers have dialed back confidence in their finances, with more in the May 2017 Survey of Consumer Expectations by the Federal Reserve Bank of New York expressing less optimism about their household’s financial situation.
The consumers surveyed, however, expect a 3.5 percent change in home prices—a win for homeowners and home sellers. Those surveyed also expect the median inflation rate to be 2.6 percent in one year and 2.5 percent in three years. The likelihood of finding a job, based on their perceptions, is only slightly up, to 56.7 percent, and the likelihood of losing a job is up to 13.6 percent.
Source: Federal Reserve Bank of New York
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