US consumers' expectations about the path of inflation were mixed in December, while concerns about household solvency intensified markedly, according to a survey released on Monday by the New York Federal Reserve. In its latest survey of consumer expectations, the New York Fed said respondents expected inflation to remain at 3 per cent a year from now. Notably, expectations for price pressures in three years rose to 3 per cent from 2.6 per cent in November, while expectations for price pressures in five years fell to 2.7 per cent from 2.9 per cent in November. In addition, the survey also revealed that uncertainty about the inflation outlook rose in one- and three-year forecasts, but fell back in the five-year forecast. In terms of various price expectations, the survey showed that food price expectations rose, but expectations fell in other key categories, including gasoline prices, which are expected to hit the lowest level since September 2022. Home price expectations rose by 3.1%. Not only that, but the New York Fed survey also found that households' views on their financial situation were equally mixed. While more respondents were optimistic about their personal finances, they also said they expected smaller future income and earnings growth. At the same time, consumers' views on the outlook for the job market are also different.