Fed Survey finds Consumers Expecting Low Inflation and Wages to Match

Posted To: MND NewsWire

Consumers are displaying a bit of bearishness toward the economy according a Federal Reserve Bank of New York's recent survey of how they expect overall inflation and prices for food, gas, housing and education to behave. The December Survey of Consumer Expectations (SCE indicates that median expectations about growth in household income, earnings and especially household spending all declined while there were mixed feelings about job security. The SEC queries a rotating panel of 1,200 household heads. The sample, structured to be nationally representative, is designed to observe changes in expectations and behavior of the same individuals over time with respondents remaining on the panel for up to 12 months and an approximately equal number rotating in and out each month. The survey is Internet...(read more)

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