Americans are more worried about the job market and their job security than they are about inflation, according to the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York.
Survey respondents said they expect inflation to drop to 3% within the next three to five years, the NY Fed reported. Respondents also believe credit is easier to get now than it was in the recent past, and that trend should continue. Although reduced inflation and loosened credit should bode well for the economy, people are still concerned.
