- 3 year expectations to 3.2% from 3.6%
- 5 year expectations to 2.3% from 2.8%
- Consumer see home prices up 3.5% in the next year vs 4.4% in June
- Year-ahead earnings growth unchanged at 3.0%
- 1-year household income growth to 3.4% vs 3.2% in June
- Consumers see a 40.2% likelihood of higher unemployment rate a year from now vs 40.4% prior
- Spending growth seen down 6.9% from 8.4%
- Rising share of consumers say credit hard to get
- Fewer expect household financial situation to deteriorate in the year ahead than in June
The Fed will get comfort from falling inflation expectations, even though they remain high. Overall, the consumer sounds healthy.