Improvements in US consumer expectations halt in July
Households more pessimistic as Covid-19 continues to spread, New York Fed survey reveals
US consumers’ expectations on employment and their financial prospects have “slightly deteriorated” in July, after two months of improvements, a New York Fed survey shows.
The estimated average probability that the US unemployment rate will be higher one year from now increased to 39.3% in July from 35.1% in June, the Survey of Consumer Expectations shows. This is the first increase after three months of decline, following a series high of 50.9% in March.
Households’ expectations about their
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