- Year-ahead expectations about households’ financial situations improved considerably in November. The share of households expecting a better financial situation one year from now rose to its highest levels since February 2020, while the share expecting a worse financial situation fell to its lowest level since May 2021.
- Median inflation expectations increased by 0.1 percentage point (ppt) at all three horizons in November: one-year-ahead inflation expectations increased to 3.0 percent; three-year-ahead inflation expectations increased to 2.6 percent; and five-year-ahead inflation expectations increased to 2.9 percent.
- Mean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—ticked up by 0.5 ppt to 35.0 percent.
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Press Release: Consumers Express Optimism About Their Future Financial Situations; Inflation Expectations Tick Up