New York Fed survey: U.S. consumer inflation expectations improved slightly in January.

According to ME News, a New York Fed survey released on February 10 (UTC+8) showed that U.S. consumer expectations for inflation and the job market improved slightly in January. The median household expectation for inflation over the next year was 3.1%, down from 3.4% in December. Consumers perceived a slight decrease in the probability of losing their jobs, while the probability of finding new employment within three months rose to approximately 46%. Signs of a stabilizing labor market created conditions for the Fed to keep interest rates unchanged last month, following three consecutive rate cuts by the end of 2025. Policymakers stated that these rate cuts would support the labor market while keeping interest rates sufficiently high to continue exerting downward pressure on inflation. Households' views on their financial situation over the next year were broadly divided, with half of respondents expecting it to improve and the other half expecting it to worsen. Inflation expectations for the next three and five years remained unchanged at 3%. (Source: ME)