Americans see weaker predictions in survey
Print Edition
AMERICANS expected weaker personal earnings growth and home prices, according to a survey done last month by the Federal Reserve Bank of New York.
The survey, released yesterday, showed median earnings growth hopes fell to 2 percent, the lowest so far this year, due partly to respondents with lower education levels.
Median home price-change expectations slipped for the fourth straight month to 3.8 percent, the lowest since the survey was launched in June 2013, when the result was 4.7 percent. The New York Fed said the most recent decline was driven by higher-income households.
The relatively new online monthly survey taps a rotating panel of about 1,200 household heads.
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