New York Fed May consumer expectations: Year-ahead inflation seen at 3.2% vs 3.6% prior ...Middle East

Three-year ahead expected inflation 3.0% vs 3.2% priorFive year inflation 2.6% vs 2.7% priorHome price rise seen at 3.0% vs 3.2% priorFood prices seen +5.5% -- highest since Oct 2023Outlook on job market improved in MayExpectations of missing debt payments fellFull report

This is also a notable signal for stock markets:

The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 0.6 percentage point to 36.3%, remaining well below the trailing 12-month average of 38.7%.

These tend to be a counter-indicator so a bearish stance from the public should be bullish.

This article was written by Adam Button at www.forexlive.com.

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