According to online reports, a New York Fed survey showed that consumers are still confident that long-term inflationary pressures will remain under control, which is inconsistent with the results of other closely watched surveys such as the University of Michigan. Surveys from the University of Michigan showed that expectations for inflation in five years were at their highest level in April since June 1991. New York Fed survey data also found that residents had more difficulty obtaining credit, and there was a slight increase in the number of people holding negative views of their financial situation in March. Residents said the possibility of a stock market rise fell to its lowest level since June 2022.