The fears of unemployment have reached the worst degree since Covid, because the Fed survey exhibits
On April 11, 2025, people buy in a Walmart in Rosemead, California.
Frederic J. Brown | AFP | Getty pictures
Consumer worries were carried out by inflation, unemployment and the stock market when the Global Trade was heated in March, according to a survey of the Federal Reserve Bank of New York published on Monday, in March.
The monthly survey of the central bank on the expectations of consumers showed that the respondents have recorded half the percentage point in a year in one year in one year in one year in one year in one year in one year in one year in a year.
Together with the concerns regarding the higher living costs, the concern of concerns about the labor market rose: the likelihood that the unemployment rate in one year in one year increases to 44%, an increase of 4.6 percentage points and the highest level that goes back to the early Covid pandemic dates of April 2020.
The survey also revealed the fear of the uncertainty, which leads to problems of stock market prices.
The expectation that the market will be higher to 33.8%higher, a decrease of 3.2 percentage points to the lowest reading by June 2022. While expectations have been withdrawn from the shares, the respondents stated to increase gold by 5.2%since April 2022.
The survey reflects other readings such as the survey on the consumer mood of the University of Michigan, who had one -year expectations in mid -April since November 1981.
In the event of measuring the New York FED, the survey of President Donald Trump dated April 2 “Freedom Day” tariff and the 90 -day suspension of the order took place a week later. However, it largely agrees with other measures that will reflect the concerns of consumers about the effects of the tariffs, even if market -based measures are low inflation concerns at dealers.
The inflation expectations on the five -year horizon actually rose to 2.9%, 0.1 percentage points and 3%for the three -year outlook. The prospects for food prices in one year in one year rose to 5.2%, the highest since May 2024 and was 7.2% for rent, an increase of half a point. The prospects for the cost of medical care also increased to an expected increase of 7.9%, most since August 2024.
The respondents expect petrol to increase by 3.2%, which is declining by 0.5 percentage points compared to February.
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