
New York Fed Consumer Survey Shows Strengthening Job Market and Falling Gas Price Expectations in June 2026
The Federal Reserve Bank of New York’s June 2026 Survey of Consumer Expectations, released on July 7, reveals a consumer outlook defined by contradiction: short-term inflation expectations climbed to their highest level since September 2023, yet labor market confidence improved across multiple indicators and gas price growth expectations declined to their lowest level since August 2022. The data suggests that American households are absorbing persistent cost-of-living pressures while simultaneously growing more confident in their ability to earn, keep, and find work. Key Takeaways One-year inflation expectations rose 0.2 percentage points to 3.7%, the highest reading since September 2023, driven by medical care and rent costs. Gas price growth expectations dropped 3.5 percentage points to 1.5%, the lowest forecast since August 2022. The perceived probability of finding a job if currently employed respondents lost their position rose 1.2 percentage points to 44.9%. The average perceived probability of missing a minimum debt payment fell 1.8 percentage points to 10.8%,







































