NY Fed – “The December 2015 Survey of Consumer Expectations (SCE) results indicate that median expected growth in household income, earnings and especially household spending all declined. Labor market expectations are mixed compared to last month: Perceived layoff risk declined, but the perceived likelihood of finding a new job (if one were to lose their job today) also declined, although it remained at the high end of the range recorded since the inception of the survey. Median expected inflation remained flat at the one-year ahead horizon, tying last month’s series low, whereas it increased slightly at the three-year horizon.”