Fear of Unemployment has reached the worst levels because the Fed poll shows

Consumers’ concerns have grown over inflation, unemployment and stock market when the World Trade War warmed up in March, according to the New York Federal Reserve Bank published on Monday.

The monthly Central Bank consumer expectations showed that respondents saw inflation 3,6%, increasing half the percentage point in February and the highest reading since October 2023.

Together with problems over A higher cost of life The rise of the worries of the labor market came: the likelihood that the unemployment rate will be higher in the year from now, increased to 44%, which increased by 4.6 percentage points and the highest level, which returns to the early pandemic days of the 2020 pandemic.

The survey also shows anger about uncertainty, which leads to problems at the stock market.

The expectation of this The market will be above A year from low sliding to 33.8%, a 3.2 percentage reduction to the lowest reading, which is returned until June 2022. While the stock expectations, respondents said they believe that gold will grow by 5.2%, this is the highest since April 2022.

The poll displays other readings such as Michigan’s consumer examination of Michigan Universitywhich showed annual expectations in mid -April in the highest since November 1981.

In the case of the Fed MEE in New York, the poll took place on the eve of President Donald Trump’s tariffs “Liberation Day” as well as 90-day order suspension A week later. However, this greatly corresponds to other measures that reflect the concern of consumers about the tariffs, even if market action indicates that inflationary concerns are low among traders.

Inflation expectations on the five -year horizon actually decreased to 2.9%, falling by 0.1 percentage and were unchanged for a three -year worldview by 3%. The forecast for food prices a year has since pushed to 5.2%, the highest since May 2024, and was renting 7.2%, increasing by half. The forecast for medical care has also jumped up to the expected increase by 7.9%, most of August 2024.

Respondents expect gasoline to grow by 3.2%, which is reduced by 0.5 percentage points since February.

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