Mission Accomplished? – Heisenberg Report

Mission Accomplished? – Heisenberg Report

The New York Fed's monthly consumer survey doesn't typically make headlines, but the latest installment, released on Monday, was notable in at least two respects. First, consumers' perceptions of credit access improved meaningfully. The poll, which covered January, was conducted at a time when speculation around imminent rate cuts from the Fed ran rampant. That speculation wasn't (and isn't) confined to the financial pages and Wall Street. Fed policy was front-page news late last year and earl