Fed Consumer Spending Survey Plunges To Record Low

With December rate-hike odds already plumbing record lows, today's data from The NY Fed's Consumer Expectatiopns Survey hamers the nail home that all is not well in America. Away from inflation expectations dropping and earnings expectations tumbling, household spending growth expectations have plunged to record lows.

 

 

Must be the weather... or the high gas prices?

 

Source: NYFed