"Median one-year inflation expectations jumped 0.4 percentage points to 3.4%, driven by a surge in gas price expectations, the highest since March 2022."
"Consumers see their financial situations worsening, with the share anticipating a worse year ahead reaching its highest level since April 2025."
"On average, consumers increased the odds that the unemployment rate would be higher a year from now by 3.6 percentage points, the highest since April 2025."
"Despite concerns about job loss, consumers anticipated it would be a bit easier to find a new job if their current position was lost."
Median one-year inflation expectations increased by 0.4 percentage points to 3.4%, primarily due to rising gas price expectations. Three-year expectations rose slightly to 3.1%, while five-year expectations remained at 3%. Consumers are increasingly pessimistic about their finances, with the share expecting a worse year ahead reaching its highest since April 2025. The likelihood of higher unemployment rates also increased, although expectations of job loss remain below last year's average. Consumers feel it may be easier to find new jobs if needed.
Read at Axios
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