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DeepNewz, mobile.
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American households are the most optimistic about prospects for the stock market in three years, according to a New York Federal Reserve survey in May 2024. The survey indicates that the mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.8 percentage points to 40.5%, the highest level since May 2021. However, expectations have also risen that unemployment will be higher in a year. Consumer expectations for headline inflation 12 months from now have declined to 3.17%, which is 0.35% above the average pre-COVID level.
*CONSUMER OPTIMISM ABOUT STOCK MARKET REACHES THREE-YEAR HIGH: NY FED $SPY $QQQ 🇺🇸🇺🇸 https://t.co/5fI6qwevRC
Consumers' expectations for a higher unemployment rate a year from now have risen over the past few months ... not yet near the prior cycle high of 42.95% back in October 2022, but worth keeping an eye on https://t.co/IRtMLKEViN
Unemployment hits 4% for the first time since January 2022. Part-time jobs are rising (+286k), while full-time jobs are declining (-625k), according to the BLS. THESE DATA SUGGEST A WEAKENING LABOR MARKET & THE ONSET OF A RECESSION. https://t.co/uqRHE0lZmh