The Federal Reserve Bank of New York just recently published the findings of its Survey of Consumer Expectations for June. Below are some key takeaways from the official press release.
- In the May Survey of Consumer Expectations, median inflation expectations at both the one-year and three-year horizons remained unchanged at 3.0 percent, while inflation uncertainty increased to its highest level since March 2017.
- Median expected household income growth decreased from 2.9 percent in April to 2.6 percent in May.
- Spending growth expectations retreated to 3.0 percent in May, after increasing for three consecutive months.
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