According to data from the Federal Reserve Bank of New York's consumer expectations survey, in September, consumers' 3-year inflation expectations rose to 2.7%, and 5-year inflation expectations rose to 2.9%. The report shows that the median inflation forecast for the next year is the same as August, at 3.0%; the average probability of voluntary separation within the next 12 months will rise from 19.1% to 20.4%; the proportion of respondents who expect a more relaxed credit environment after one year will reach the highest level since May 2020; the proportion of consumers who are unable to repay the minimum payment amount is expected to rise to 14.22% in the next three months, compared to 13.64% in August; the debt arrears forecast is the highest since April 2020.

Zhitongcaijing · 10/15 15:25
According to data from the Federal Reserve Bank of New York's consumer expectations survey, in September, consumers' 3-year inflation expectations rose to 2.7%, and 5-year inflation expectations rose to 2.9%. The report shows that the median inflation forecast for the next year is the same as August, at 3.0%; the average probability of voluntary separation within the next 12 months will rise from 19.1% to 20.4%; the proportion of respondents who expect a more relaxed credit environment after one year will reach the highest level since May 2020; the proportion of consumers who are unable to repay the minimum payment amount is expected to rise to 14.22% in the next three months, compared to 13.64% in August; the debt arrears forecast is the highest since April 2020.