Americans’ expectations for how much they will spend next year rose in October to 3.5 percent, following three consecutive monthly declines, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations. However, the outlook for household income growth over the next year fell sharply in October to 2.3 percent, the largest drop since the survey’s inception.
Also falling to a record low was the median inflation outlook for three years ahead. Credit availability expectations were unchanged year-on-year, but the outlook for one year ahead improved slightly. Home price growth expectations were nearly unchanged, at 3.05 percent from 3.09 in September, but remain below expectations reported since October 2013.
FBI: Internet crime losses rose 33% in 2024
Reported losses from suspected internet crimes exceeded $16 billion in 2024, representing a 33% increase from the year before, the FBI’s Internet Crime Complaint Center said in its annual report.