Consumer Optimism About Stocks Hits Three-Year High, NY Fed Says
- Households are also more upbeat about financial situation
- Inflation expectations were little changed from previous month
American households are the most optimistic about prospects for the stock market in three years, according to a Federal Reserve Bank of New York survey.
The probability that stock prices would be higher a year from now reached 40.5% last month — the highest since May 2021 — according to results of a monthly survey of consumers published Monday by the New York Fed. Optimism ticked up broadly across most age groups, levels of education and regions.