• 5 hours New Allegations Against Huawei Raise Tensions In Tech Cold War
  • 8 hours Chinese Investments In the U.S. Plunge 90% Under Trump
  • 11 hours Mining Major Sets Aside $400 Million To Reduce Emissions
  • 13 hours Golden Ice Cream And Spiced Vodka: The Craziest Things Made From Gold
  • 1 day Can Twitter Sway Economic Policy?
  • 1 day Widespread Power Outages Hit New York City
  • 1 day Equifax To Pay $700 Million To Settle Data Breach Case
  • 2 days Netflix Struggles To Rebound After Subscriber Hit
  • 2 days $15,000 For Your Crypto’s Ticket To Visibility
  • 3 days The Next Fashion Frontier
  • 4 days What Is Africa’s Role In The New Silk Road?
  • 5 days Trump Was Right About The Dollar
  • 5 days Is Silver Gearing Up For A Rally?
  • 5 days World’s Largest Hedge Fund Turns Bullish On Gold
  • 6 days It’s Time To Spend More On Clean Energy R&D
  • 6 days Contrarian Investors Are Beating The Stock Market
  • 6 days Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 6 days Amazon Faces European Union Anti-Trust Probe
  • 7 days Commodities Are Having A Stellar Year
  • 7 days Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Fed Household Spending Survey Projections in Firm Downtrend

Fed Survey of Households

Every month the New York Fed interviews a rolling group of 1200 people to produce a detailed Survey of Consumer Expectations.

Interested parties can download the Survey Questionnaire PDF.

The Fed states:

Where existing surveys look at consumer sentiment and the decisions households make, their coverage of household expectations is limited; the Survey of Consumer Expectations seeks to collect information on a wide variety of consumer expectations - including inflation, future earnings, household income, house prices, access to credit, layoff risk and reemployment prospects, and US economic conditions overall. Through a set of quarterly special surveys it also aims to focus in depth on special topics such as household finances as well as labor and housing market issues and outcomes.


NY Fed - One Year Look Ahead Spending Survey Projections

Household Spending Growth Projections


Projections

  • High-end spending projections have been slowly drifting lower for quite some time, but the decline became more noticeable about a year ago.
  • Median spending projections took a sustained turn for the worse in December of 2014.
  • Low-end spending projections to a sustained dive starting November of 2014.

Given the Fed places so much faith in various consumer confidence numbers, I have a simple question: Why don't they believe their own survey?

 

Back to homepage

Leave a comment

Leave a comment