Americans are increasingly concerned about their financial situation amid expectations that inflation could pick up, according to a New York Federal Reserve survey released Tuesday.

The central bank's monthly Survey of Consumer Expectations found that consumers expect inflation to be higher in the year ahead, and fewer expect their households' financial situations to be better off a year from now.

Household spending growth expectations also declined, the New York Fed's survey found.

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While many Americans have expressed worries about rising prices and the effect of President Donald Trump's tariff pol

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