The New York Fed survey shows that U.S. inflation and house price expectations have risen

May 13 - Consumers expect prices to rise at an annual rate of 3.3 percent next year, the highest since November, after hovering around 3 percent for the past four months, according to a New York Fed survey. Expected home prices are also rising at a similar pace, the fastest increase since July 2022. Consumers also expect prices for gasoline, food, medical care, college education and rent to accelerate. At the same time, perceptions of the labor market have worsened, income growth expectations have declined, and the likelihood of unemployment rising has risen. If they lose their current jobs, respondents' confidence in finding a new job also decreases, a figure that has fallen to its lowest level in three years. This has taken a toll on household finances. The percentage of consumers who expect to be unable to pay their minimum debt in the next three months reached its highest level since the outbreak of the epidemic.