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Consumers Report Stable Inflation Expectations, Lower Spending Growth Expectations

“The Federal Reserve Bank of New York today released results from its January 2015 Survey of Consumer Expectations (SCE), which provides insight into Americans’ views on inflation, prices, the labor market and household finance. Median consumer inflation expectations were largely unchanged at both the one-year and the three-year ahead horizons at 2.9 percent and 3.0 percent, respectively. Median household spending growth expectations retreated significantly from the last month. The mean perceived probability of finding a job in the next three months (if one were to lose one’s current job) continued to increase.”

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