Courtesy of Mish.
Every month the Federal Reserve Bank of New York does a survey of consumer expectations: Inflation, spending, earning, and jobs.
The January 2017 report came out today.
Amusingly, the Fed indirectly relies on consumer confidence numbers to gage spending projections but does not rely on its own survey of consumer-stated projections.
Inflation Expectations
Consumer Spending Projections
The first chart is from the FRBNY. I created the second chart from a data download, as the Fed does not produce the chart directly.
It’s interesting, but likely meaningless, that inflation expectations are on the rise. I suspect this is due to media yapping about inflation under Trump.
