NY Fed issues Aug survey of consumer expectations
Survey of Consumer Expectations — July 2015 AUGUST 10, 2015
The Federal Reserve Bank of New York today released results from its July 2015 Survey of Consumer Expectations (SCE) results suggest relatively stable expectations about the economy. The median one-year and three-year ahead expected rates of inflation remained unchanged at 3.0%. While earnings and household income growth expectations were largely unchanged, median household spending growth expectations retreated substantially to their lowest level since the inception of the survey in 2013. Relative to the prior month, year-ahead credit availability expectations became slightly more pessimistic.