The New York Fed survey indicates that perceptions of the household financial situation declined in June. Inflation expectations for the next one to three years are holding steady or slightly decreasing. Consumers foresee slower price gains for rent, food, medical care, college, and gas. Expectations of individual earnings growth are at a decade-high of 3.0%. US consumers' near-term inflation expectations decreased for the second consecutive month in June. Consumer credit increased significantly in May, particularly in credit card balances, leading to concerns about sustainability.