New York Fed survey: likelihood of US stock market rise drops to lowest level since June 2022

According to a report by Golden Finance, a survey by the New York Federal Reserve shows that consumers still have confidence that long-term inflationary pressures will remain under control, which is inconsistent with other closely monitored survey results such as the University of Michigan. The survey results from the University of Michigan showed that expectations for inflation levels five years later in April were at their highest level since June 1991. The survey data from the New York Federal Reserve also found that residents find it more difficult to obtain credit, and there was a slight increase in people who held negative views about their financial situation in March. Residents say the likelihood of a stock market rally has dropped to its lowest level since June 2022.