The New York Fed survey shows that consumers' long-term inflation expectations remain stable

According to Jinshi reports, a survey by the New York Fed shows that despite the new price pressures brought by the Iran war, U.S. consumers' long-term inflation expectations remained stable in April. Inflation expectations for the next 12 months have slightly increased, but there has been no change in inflation expectations for the next three or five years compared to the March survey, indicating that consumers believe the price shocks from the war will be temporary. The survey also showed that consumers feel uneasy about the labor market, believing there is a 44% probability of an increase in the unemployment rate over the next 12 months, the highest level in a year.