New York – October 14, 2015 – (RealEstateRama) — Consumer expectations in the September 2015 Survey of Consumer Expectations (SCE) show relatively stable median consumer inflation expectations at both the short and long term horizon. Inflation expectations, as well as median one-year ahead expected growth in the costs of several commodities (food, housing, medical, college education) are all at or near their lowest levels since the start of the survey in June 2013. Median earnings growth and household spending growth expectations decreased sharply from the prior month
Additional results from September 2015 survey include:
Inflation
Median inflation expectations declined slightly at both the one-year (from 2.8 to 2.7 percent) and the three-year ahead (from 2.9 to 2.8 percent) horizons.
Labor Market
Median one-year ahead earnings growth expectations declined to 2.2 percent from 2.5 percent in August.
Household Finance
Median household income expectations fell slightly from last month’s median expected growth of 2.9 percent to 2.8 percent, still well above its average reading since June 2013.
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