In May, US consumers have reported lower inflation expectations across all horizons, with one-year-ahead expectations falling to 3.2 per cent.
The New York Fed also noted improved labour sentiment: earnings growth expectations rose to 2.7 per cent, while perceived unemployment and job loss risks declined.
The probability of quitting a job edged up slightly to 18.3 per cent.
The New York Fed also noted improved labour sentiment: earnings growth expectations rose to 2.7 per cent, while perceived unemployment and job loss risks declined.
The probability of quitting a job edged up slightly to 18.3 per cent.
