‘Substantial deterioration’ in consumer expectations: NY Fed survey

‘Substantial deterioration’ in consumer expectations: NY Fed survey

The month of March saw a “substantial deterioration” in the main driver of the U.S. economy: the American consumer. According to new data from the Federal Reserve Bank of New York, Americans reported greater concern of being laid off and heightened worries over being able to meet future debt payments. Weaker consumer sentiment paints a […]