According to the New York Federal Reserve's October consumer expectations survey released Monday (November 9), U.S. consumers' concerns about future job losses deepened, with the average probability of rising unemployment over the next year reaching 45.3%, the highest level since April 2020. However, the expected probability of finding a new job after unemployment improved for a second consecutive month, suggesting household confidence in the overall employment outlook is stabilizing. Meanwhile, inflation expectations remained unchanged, with consumers projecting 3.9% inflation over one year, 3.3% over three years, and 3% over five years.

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