The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline in the short term and were unchanged over the medium term. Longer-term inflation expectations edged up slightly. Household spending expectations fell sharply […] Read more »
Highs and Lows of 2022
It seems like we’ve been saying this every year since 2020, but this year felt different. From a public opinion standpoint, it’s been one with several important historical highs and lows, as well as other concerning findings on how Americans foresee their future and assess their present condition. So here […] Read more »
Scandal-plagued L.A. City Council deeply unpopular; voters have faith in Bass, poll finds
If the last week was any indication, Mayor Karen Bass starts her tenure with the wind at her back. A clear indicator came when her campaign promise to declare a state of emergency on homelessness made its way through the City Council and was embraced by a body normally reluctant […] Read more »
Inflation Expectations Decline Across All Horizons; Income and Labor Market Expectations Strengthen
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the November 2022 Survey of Consumer Expectations, which shows that inflation expectations decreased in November at the short, medium, and longer terms. Home price growth expectations continued to decline. Labor market expectations strengthened, while household income growth […] Read more »
Californians and Their Economic Well-Being
Jobs and the economy are a top concern as Californians set a future course in the November election. Although job growth has been relatively strong as the state and nation recover from the COVID-19 crisis, residents are dealing with rising prices on consumer goods and high gasoline costs. Lower-income Californians […] Read more »
Americans Less Optimistic About Next Generation’s Future
Americans have as little optimism as they have had at any time in nearly three decades about young people’s chances of having greater material success in life than their parents. In all, 42% of U.S. adults think it is very (13%) or somewhat (29%) likely that today’s youth “will have […] Read more »