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Outlook for household spending slumped in April, New York Fed survey shows

Outlook for household spending slumped in April, New York Fed survey shows

People walk in front of a store along the Magnificent Mile shopping district on March 15, 2023 in Chicago, Illinois.

Scott Olson | Getty Images

Household spending is expected to decrease significantly over the next year, according to a New York Federal Reserve survey released Monday that reflects downbeat consumer sentiment as well as a potential slowdown for inflation.

The central bank Survey of Consumer Expectations for April showed that the…


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