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News Link • Economy - Economics USA

Consumer Expectations: Home Prices, Spending, Household Income, Inflation

• https://moneymaven.io, by Mike Mish Shedlock

The New York Fed Survey of Consumer Expectations shows "Consumers' Expectations Largely Stable; while Home Price Growth Expectations Continue to Retreat".

Year-ahead inflation expectations remained steady at 3.0 percent over the month while three-year-ahead expectations ticked up by 0.1 point to 3.0 percent. Expectations about household income and spending growth were stable at 2.8 percent and 3.2 percent, respectively. Home price growth expectations retreated by 0.1 point to 3.6 percent since July, while expectations about the growth in government debt rose sharply to 7.9 percent, up from 6.9 percent in the prior month, marking the highest such reading since November 2015.

One can download the survey data and create better-looking charts. Here are a few charts I created.

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