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What the Fed Sees in the New York Fed Household Survey
Description
Episode 40 of The Federal Reserve Podcast with Fexingo digs into the New York Fed's Survey of Consumer Expectations released June 8, 2026, which showed household financial worries at their highest since July 2022. Lucas and Luna examine what the Fed makes of the disconnect between a still-strong labor market and rising consumer anxiety. They discuss the survey's specific numbers—like the 11.5% probability of missing a minimum debt payment and the drop in year-ahead earnings growth expectations to 2.8%—and how these feed into the Fed's dual mandate. The episode also touches on the implications for the upcoming FOMC meeting, with the fed funds rate at 3.63% and core PCE still sticky at 2.8%. A coffee-segment ask ties into the show's listener-supported model.