Federal Reserve Bank of New York: Consumers' Spending Expectations Rise Despite Flat Income and Earning Expectations
December 15, 2020
December 15, 2020
NEW YORK, Dec. 15 -- The Federal Reserve Bank of New York issued the following news release:
The Federal Reserve Bank of New York's Center for Microeconomic Data released the November 2020 Survey of Consumer Expectations, which shows that despite flat income and earnings growth expectations, households' year-ahead spending growth expectations rose sharply in November to 3.7%, the highest level recorded in more than 4 years. Labor expectations were mixed with deteriorating expectatio . . .
The Federal Reserve Bank of New York's Center for Microeconomic Data released the November 2020 Survey of Consumer Expectations, which shows that despite flat income and earnings growth expectations, households' year-ahead spending growth expectations rose sharply in November to 3.7%, the highest level recorded in more than 4 years. Labor expectations were mixed with deteriorating expectatio . . .