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Americans are feeling rosier about their finances, the stock market and inflation's decline

·1 min

Presidential election polls suggest mixed views on the overall economy, but Americans remain optimistic about their own finances. According to a survey by the Federal Reserve Bank of New York, US consumers are more positive about their current and future financial situation, the stock market, and inflation. The survey showed improvement in perceptions of the current financial situation and outlook for the next year. Expectations for US stock prices also reached a three-year high. However, there were mixed signals in the labor market. Earnings growth expectations decreased slightly, and there was an increased expectation of higher national unemployment. Nevertheless, consumers’ perceived probability of losing their job decreased. Overall, the survey presented a more positive picture than the previous month’s survey, indicating improved optimism. In terms of inflation, home price expectations remained high, while general inflation expectations dipped, which is favorable for the Federal Reserve.