Consumers Are More Worried About the Labor Market and Inflation: NY Fed

1. Unemployment rate expectation increased to 41.1%, heightening economic anxiety. 2. Median one-year inflation expectation rose to 3.4%, impacting consumer sentiments significantly. 3. Perceived job loss probability climbed to 14.9%, signaling labor market weakness. 4. Consumer spending growth projections declined, hinting at potential economic slowdown. 5. Despite concerns, higher-income consumers are still supporting spending growth.