⚠️ AMERICANS FEEL THE PRESSURE EVEN WITH STEADY INFLATION

NY Fed data shows households are getting more worried about their finances:

• Inflation expectations stay calm

• But medical cost fears hit a 10-year high

• Home price growth seen at 3%

• Confidence in future finances dropped

The one bright spot: the labor market outlook improved, with fewer people expecting job losses and more expecting earnings growth.

This comes right before the Fed’s expected 25 bps cut on Wednesday — a key moment for markets.