The quarterly NY Fed SCE Household Spending Survey reported that the median change in nominal household spending fell from 5.0% YoY in August to 4.6% YoY in December.

• The median household expects spending to grow 3.0% in the next year, unchanged from the last survey in August. However, the range of responses fell from 1.0% to 7.6% to 0.6% to 6.4%.