Amid the COVID-19 Outbreak, Consumers Temper Spending Outlook
Kyle Smith and
Wilbert van der Klaauw ()
No 20200507b, Liberty Street Economics from Federal Reserve Bank of New York
The New York Fed’s Center for Microeconomic Data released results today from its April 2020 SCE Household Spending Survey, which provides information on consumers' experiences and expectations regarding household spending. These data have been collected every four months since December 2014 as part of our Survey of Consumer Expectations (SCE). Given the ongoing COVID-19 outbreak, the April survey, which was fielded between April 2 and 30, unsurprisingly shows a number of sharp changes in consumers’ spending behavior and outlook, which we review in this post.
Keywords: COVID-19; pandemic; expectations; household spending (search for similar items in EconPapers)
JEL-codes: D14 (search for similar items in EconPapers)
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