The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations showed year-ahead spending growth expectations rose to the highest level in more than four years at 3.7% in November. Additional takeaways “Median inflation expectations increased 0.2 percentage point in November to 3.0% at the one-year horizon and increased 0.1 percentage point to 2.8% at the three-year horizon.” “Median one-year ahead expected earnings growth remained flat in November at 2.0%, below its 2019 average level of 2.3%.” “Mean unemployment expectations (the mean probability that the unemployment rate will be higher one year from now) increased for the first time since July 2020, from 35.4% in October to 40.1% in November.” “The median expected household income growth stayed flat in November at 2.1%, well below its 2019 average of 2.8%.” Market reaction This report doesn’t seem to be impacting risk sentiment. As of writing, the S&P 500 ındex was up 0.55% on the day at 3,683. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD drops back below 0.7100, erodes daily gains as USD finds feet FX Street 2 years The Federal Reserve Bank of New York's latest Survey of Consumer Expectations showed year-ahead spending growth expectations rose to the highest level in more than four years at 3.7% in November. Additional takeaways "Median inflation expectations increased 0.2 percentage point in November to 3.0% at the one-year horizon and increased 0.1 percentage point to 2.8% at the three-year horizon." "Median one-year ahead expected earnings growth remained flat in November at 2.0%, below its 2019 average level of 2.3%." "Mean unemployment expectations (the mean probability that the unemployment rate will be higher one year from now) increased for the first time since July 2020,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
