US Household Concerns Over Credit Conditions, Finances Deteriorate as Inflation Anxieties Ease

US Household Concerns Over Credit Conditions, Finances Deteriorate as Inflation Anxieties Ease
A customer counts his cash at the register while purchasing an item at a Best Buy store in the borough of Queens, New York City. Jessica Rinaldi/Reuters
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Americans’ concerns regarding credit conditions and their own financial situations deteriorated in May, while anxieties over inflation in the coming months dropped to the lowest point since May 2021, new data published on June 12 show.

According to the Federal Reserve Bank of New York’s May survey of consumer expectations, median inflation expectations among Americans declined by 0.3 percentage points, to 4.1 percent last month, the lowest reading in two years.

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