Latest New York Fed consumer survey

  • Median household income expectations 2.3% vs 2.8% prior (largest one month drop in series)
  • Median expected earnings growth 2.2% vs 2.4% prior
  • 1yr inflation 2.82% vs 2.73% prior
  • 3yr 2.8% vs 2.9% prior

Over the next year consumers expected the following growth in costs and prices;

  • Gasoline 4.54%
  • Food 4.95%
  • Medical costs 9.25%
  • College education 7.51%
  • Rent 5.6%

So better earnings potential seen but not a rise in overall incomes