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

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ME News Report, May 7 (UTC+8), New York Federal Reserve survey shows that despite the new price pressures brought by the Iran war, U.S. consumers’ long-term inflation expectations for April remained stable. Inflation expectations for the next 12 months slightly increased, but compared to the March survey, inflation expectations for the next three or five years remained unchanged, indicating that consumers believe the price shocks caused by the war will be temporary. The survey also shows that consumers are uneasy about the labor market, with a 44% chance of unemployment rate rising in the next 12 months, the highest level in a year. (Source: ChainCatcher)

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