Expected Household Spending Tanks (Dude, Where’s Our Recovery?)

According to the New York Federal Reserve, expectations for household spending just tanked.
At the same time, Fed Vice Chair Stanley Fischer and Atlanta Fed’s Dennis Lockhart are warning that an interest rate increase is imminent because the US is at (or near) full employment and economic growth is ‘solid.’

This post was published at Wall Street Examiner on August 10, 2015.