Hey kids, did you know that grown-ups are a little worried about the economy? The New York Federal Reserve, which is like a bank for other banks, took a survey. They asked people what they think about money and prices in the future.
It seems people think prices might go up a bit more, especially for things like food and rent. But, they also think it might be harder to find jobs.
- People are a little less hopeful about their money in the next year.
- Prices might rise, but not as fast as before.
- Finding a job might get harder.
| Thing | What people think |
|---|---|
| Inflation (price increases) in 1 year | 3.1% |
| Inflation in 3-5 years | 3% |
| Chance of higher unemployment | Increased |
This survey shows some uncertainty. Remember, grown-ups are still figuring things out, and this doesn't mean anything specific will happen.
