NY Fed SCE May: 1yr ahead expected inflation eases to 3.5% (prev. 3.6%), 3yr unchanged at 3.1%, 5yr unchanged at 3.0%

Mean unemployment expectations 43.7% (prev. 43.9%) Expectations for future credit availability deteriorated, with a lower share of respondents expecting it will be easier to obtain credit in the year ahead. Perceptions of credit access compared to a year ago remained largely unchanged. The mean perceived probability of losing one’s job in the next twelve months increased to 15.1%, (12-month trailing average 14.4%)