Consumer expectations of household spending for the year ahead rose by 0.8 percentage point to 4.2%, according to the Federal Reserve Bank of New York press release. The growth expectations mark the second-largest month-to-month increase in the history of the series
- The earnings growth prospects were flat for the sixth consecutive month
- The mean perceived probability of losing one’s job in the next twelve months decreased for the third consecutive month.
- Consumers also expect higher home prices for the year ahead.
U.S stocks and the dollar are currently gaining. SPY is up 0.39%, QQQ is 0.37%, EURUSD is down 0.01%