The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the November 2023 Survey of Consumer Expectations, which shows that inflation expectations declined at the short-term horizon and remained unchanged at the medium and longer-term horizons. Labor market expectations were mixed. In particular, respondents are less pessimistic about the year-ahead rate of unemployment, but the median year-ahead expected earnings growth declined slightly and the mean perceived probability of losing one’s job increased. Household finance perceptions and expectations were mostly unchanged in November, while ... (full story)