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
This article is for subscribers only.
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.