Consumers See Inflation Easing, Job Market Staying Strong Despite Worries
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Consumers believe inflation will continue easing and the job market will stay strong, per the New York Fed survey.
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Consumers' expectations for missing debt payments and future inflation dropped in October.
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Fed officials worry worsening inflation expectations could become a self-fulfilling prophecy.
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Consumers expect lower unemployment and higher household income growth in the coming year.
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More consumers said their finances improved over the past year; outlook for the coming year was mixed.