Americans feel more financial stress as debt worries rise, credit access tightens, and inflation stays high, while job outlook and Fed stance remain uncertain.

While the central bank's monthly survey showed the inflation outlook mostly unchanged, the general perception of conditions deteriorated.

The modest drop in year-ahead expectations took place as 1-year gas inflation expectations extended its recent decline, sliding to 4.96% in May from 5.11% in April and from 9.42%…