Outlook for credit access hits record low while inflation expectations jump


A customer shops for eggs at a H-E-B grocery store on February 08, 2023 in Austin, Texas. Wholesale egg prices have begun declining more than 50% since December record highs according to Urner Barry data.

Brandon Bell | Getty Images News | Getty Images

Consumers are getting more pessimistic about inflation and their access to credit, according to a survey the New York Federal Reserve released Monday.

Respondents expect prices to rise by half a percentage point in the year ahead, equating to a 4.7% annual gain, the central bank branch’s monthly Survey of Consumer Expectations for March showed.

That’s the first time the near-term outlook increased since October and runs counter to the…


0 0 votes
Article Rating

The coming commercial real estate crash that may never happen

Previous article

Billionaire founder of Paul Mitchell invests in man-made coral reefs

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy