Federal Reserve reports rise in US consumer credit and improved job outlook

The Federal Reserve Bank of New York reported that consumer credit in the United States grew by 2.6% in the second quarter. The same data showed a modest decline in one‑year inflation expectations to 3.6% from 3.7% in June, while longer‑term expectations remained unchanged.

The survey also indicated a stronger job‑market outlook, with the perceived probability of finding a new job after a loss rising to 46.2%. These trends suggest more optimistic consumer sentiment and could influence market expectations for inflation and monetary policy.