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Fed Survey finds Consumers Expecting Low Inflation and Wages to Match
Monday, January 11, 2016
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.
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