Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What the Fed Makes of the Household Financial Anxiety Spike
The New York Fed's Survey of Consumer Expectations dropped last week showing household financial worries at their highest since July 2022. Lucas and Luna dig into the numbers: the share of households expecting to be worse off a year from now, the spike in perceived difficulty accessing credit, and what these soft sentiment readings mean for the Federal Reserve's policy path heading into the June FOMC meeting. They connect the survey data to the recent ADP jobs report showing 122,000 private payrolls added in May, and explore why the Fed might care more about consumer mood right now…
The skinny
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