Household Consumer Spending Rebounds in March

The latest Survey of Consumer Expectations from the New York Fed stated that as of March consumers expect their spending will increase by 4.5% over the next year. This is a big change from February findings, when consumers thought spending would be just 3.8%. The February decline is attributed to the poor weather conditions.

Retail sales are expected to show a 1% increase in March, after declines in January and February.

Source: Business Insider