The latest SCE results show continued improvement in expectations about households’ year-ahead financial situation and credit availability, with anticipated earnings growth still robust. Short- and medium-term inflation expectations fell slightly. The median expected change in taxes (at current income level) over the next twelve months dropped from 2.2 percent in December to 1.6 percent in January—a new series low.
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Press Release: Consumers Express Continued Optimism about Household Finances, Credit Access, and Earnings Growth