Monday, February 9, 2015

FRB of NY Releases Monthly Survey On America's Consumer Expectations

Source: Survey of Consumer Expectations (SCE)
On February 9, the The Federal Reserve Bank of New York released the January 2015 Survey of Consumer Expectations (SCE), which provides readers with monthly data about America's views on three economic factors, as can be seen in the charts above, inflation, the labor market and household finance.

Consumer inflation was unchanged, but median household spending growth decreased significantly from the last month. Median inflation expectations remained stable, the mean perceived probability of losing one’s job was unchanged at 14.5% (lowest level since July 2013), but the perceived probability of finding a job in the next three months increased to 53.3% from 51% in December 2014

The survey is conducted by The Demand Institute, a non-profit organization operated in collaboration with The Conference Board and Nielsen.

To read more details about the survey click here.