Consumers see inflation, and spending, cooling, New York Fed survey shows


People shop for goods at a Publix in Nashville, Tennessee, on December 22, 2022, ahead of winter storm Elliot. 

Seth Herald | AFP | Getty Images

Consumers see the inflation burden easing while they expect to pull back considerably on their spending, according to a closely watched survey the New York Federal Reserve released Monday.

The central bank district’s monthly Survey of Consumer Expectations for December showed that the one-year inflation outlook declined to 5%, down 0.2 percentage point from the previous month and the lowest level since July 2021.

related investing news

Important inflation data and big bank earnings could create volatility for markets in week ahead


While that pace would still be well above the Fed’s goal of 2% annual inflation, it represents progress in the…


0 0 votes
Article Rating

Consumer confidence in housing rises as prices fall

Previous article

France Macron to push for pension reform again despite potential strikes

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy