The American consumer is feeling increasingly optimistic

The American consumer is starting to feel better. One of the questions on the New York Fed's monthly Survey of Consumer Expectations asks respondents how they expect their household spending to change over the next year. This has been a very jumpy indicator over the last several months, with expectations plummeting in February, spiking back up in March, and then falling to a new low in April. May saw a small uptick in household growth expectations, and now the new report from June shows that ...