US households' personal finance worries grew in November, New York Fed says

Group 1 - U.S. households' current financial situations deteriorated notably in November, while their outlook for the next year slightly worsened [1] - Job market expectations improved, with a decrease in the anticipated unemployment rate and a lower probability of job loss over the next year [1] - Households reduced the likelihood of voluntarily leaving their jobs [1] Group 2 - The Federal Reserve is expected to lower its policy rate by 0.25 percentage points to the 3.50%-3.75% range to support a weakening job market [2] - There is considerable opposition among policymakers regarding the rate cut due to persistent inflation pressures above the Fed's 2% target [3] Group 3 - Inflation expectations for the next year remained steady at 3.2%, with three- and five-year projections unchanged at 3% [4] - Home price expectations held steady at a 3% increase, while medical cost expectations surged by 10.1%, the highest since January 2014 [5] - Future earnings and income growth remained positive compared to the previous month [5]