American consumers expect their household spending to increase more slowly over ...
A checkpoint is pictured outside of the Federal Reserve Bank of New York in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri
Overall, the median forecast was for household spending to grow by 2.3% over the next year as of December, down from the 2.8% expected in December 2018, according to a survey by the New York Fed. Consumers with a high school education or less reported the largest decline in expectations.
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