Fed Data Finds Households Keep Big Purchases in Play

Consumers still intend to spend, and new Federal Reserve findings, alongside PYMNTS Intelligence data, show how they expect to make those purchases work. The latest Federal Reserve Bank of New York Household Spending Survey indicates that spending intentions over the next 12 months have held at 3.4% growth. But inflation expectations from the same institution stand at 3.6%, implying households are not planning for meaningful gains in purchasing power.