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Consumer Expectations Are Lower Across the Board

first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Consumer Expectations Are Lower Across the Board Previous: Amid Optimism for America, Obama Fails to Mention Housing Policy Next: How Effective are Fannie Mae and Freddie Mac at Preventing Foreclosures? January 12, 2016 1,269 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago The President spoke of optimism for America’s future in his final State of the Union Address on Tuesday night. A recent survey from the Federal Reserve Bank of New York found that he may not have much company as far as that optimism, however.Consumers appear to be less optimistic about their future with regard to the economy, the job market, and personal finances, according to the New York Fed’s December 2015 Survey of Consumer Expectations (SCE). The metric that took a big hit was median one-year earnings growth expectations, which dropped from November’s 2.5 percent to 2.0 percent in December, which was the level it hovered around for the second half of 2015. This was the largest drop for this metric since the SCE’s inception in June 2013.“The decline was widespread across all age groups, and especially strong for low education and middle-income workers,” the SCE stated.That was far from the only data point in which consumer optimism declined, however. One-year ahead median household income growth expectations continued a declining trend, this time from 2.6 down to 2.3 percent—seemingly driven by younger, higher education, and higher income respondents, according to the New York Fed. That percentage fell in the 2.7 to 2.9 range for the first three quarters of 2015.The median home price change fell to 3.0 percent in December, driven by older and lower income respondents. This level matched the previous all-time low for median home price change, reached twice in February and August of 2015. Inflation uncertainty (uncertainty regarding future inflation outcomes) reached new series lows at both the one-year and three-year ahead horizons (2.40 and 2.54 percent, respectively) in December, and median inflation expectations remained flat at a series low for the one-year ahead horizon at 2.5 percent.Also according to the SCE, one-year ahead median household spending growth expectations took a sharp decline from 3.6 percent down to 2.9 percent down to its lowest level since the survey began two and a half years ago. Unlike the decline in income growth expectations, however, the decline in household spending expectations was driven by older, lower education, and lower income respondents, the SCE reported.While the mean probability of losing a job declined from 14.1 percent to 13.5 percent, the second lowest level since the beginning of the survey, the mean probability of finding a job in the next three months if a job loss were to occur also dropped fell from its series high of 55.1 percent in November, according to the SCE. At the same time, the mean perceived probability of voluntarily leaving a job dropped slightly in December and is near an all-time low.Click here to view the complete results of the SCE. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Related Articles Consumer Expectations Employment Federal Reserve Bank of New York Household Finance Jobs New York Fed 2016-01-12 Brian Honea Demand Propels Home Prices Upward 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Consumer Expectations Are Lower Across the Board The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Tagged with: Consumer Expectations Employment Federal Reserve Bank of New York Household Finance Jobs New York Fed Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Share Savelast_img read more

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SUNY Fredonia Students Suspended For Allegedly Violating COVID-19 Regulations

first_imgWNY News Now Stock Image.FREDONIA – More than a dozen students at SUNY Fredonia were suspended Tuesday for allegedly violating the school’s COVID-19 regulations.In a letter to students, University President Stephen Kolison, Jr. said 13 students violated the Student Code of Conduct by attending a off-campus gathering.“Any Fredonia student who endangers others by disregarding public health precautions will face serious penalties,” wrote Kolison. “We also talked honestly about repercussions for not following the rules.”School officials say the suspensions were issued after reviewing the new policy. Educators are asking others at the college to remind their peers to follow guidelines to help stop the spread of COVID-19 and ultimately keep the community safe. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

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Manny Machado makes his Dodgers debut, ready for ‘new journey’ with team

first_imgThe addition of Machado had Kemp in a playful mood in Milwaukee.“I’ve know for a couple weeks,” he told reporters of the trade. “Naw, I’m just playing.”Kemp called Machado “one of the best right-handed hitters in baseball, one of the best defensive players in baseball” and said he was “excited” to see him in the Dodgers lineup.Sign up for our Inside the Dodgers newsletter. Be the best Dodger fan you can be by getting daily intel on your favorite team. Subscribe here.“He’s doing a lot of great things at a young age and he’s going to help us win a lot of games,” Kemp said.As news of the trade for Machado broke, Justin Turner and Alex Wood were enjoying an All-Star break vacation. A video soon made the rounds of them high-fiving and celebrating on a boat in Lake Tahoe. The moment might have been recreated but the excitement was genuine, similar to the excitement that rippled through the team plane when news of the Dodgers’ acquisition of Yu Darvish broke at last year’s non-waiver trade deadline. This is bigger, Wood said Friday.“Definitely, Yu is an incredible pitcher but, for me … Manny is a top-five guy in the game,” Wood said. “He might be top three as far as talent. It doesn’t get much bigger than that, to me.”The expectations could not get much bigger either. The addition of Machado – “the biggest difference-maker” expected to change teams this season, as GM Farhan Zaidi put it – reinforces the ‘World Series or bust’ presumption attached to the Dodgers.“I’m going to bring what I bring to the field every day. I’m not going to overdo it, not going to try to do too much, not going to try to carry the team,” Machado said of the expectations. “This ballclub is already good enough without me. I’m just going to go out there and be me, bring what I can bring, try to help win games.“Honestly, just go play. Whatever I do out there will talk for itself.” Relieved that the trade speculation will go away, Machado will now have another question hovering over him. Machado is headed toward free agency this winter with a number of teams likely to line up ready to pay the 26-year-old a king’s ransom to play for them.Can anything happen over the next three months that would change that and convince him to make Los Angeles his long-term home?“Honestly, this has all been so fast, everything is so crazy right now, I haven’t even really thought about it, to be honest,” Machado said. “I’m just trying to live in the moment, trying to enjoy this. Coming here, I saw my jersey, saw my hat. I was excited to put the blue on. I’m just looking forward to putting on that jersey tonight.”There is one thing very LA about Machado already. The Miami native is an admitted fan of the NBA’s Heat but also of former Lakers star Kobe Bryant. His dog, an Alaskan Klee Kai, is named Kobe and Bryant is also part of the reason Machado switched from No. 13 with the Orioles to No. 8 with the Dodgers.“No. 8, I wanted to change up, new beginning, new journey, new team, so I wanted to go that route,” Machado said. “I was a huge Kobe fan growing up … so that had a little bit to do with it as well, along with the new beginning.” MILWAUKEE – After months of speculation and an All-Star break that didn’t give him much of a break, Manny Machado knew exactly how he felt about putting on a Dodgers uniform for the first time Friday afternoon.“Relieved,” he said, sitting in front of reporters at Miller Park in Dodger blue shorts, T-shirt and hat. “Relieved it finally got done.“I’m just excited to be here. I know it’s a great group, a great organization. Got a lot of baseball history. I’m just going to come here, try to fit in as another piece of the puzzle that’s already here. Try to go out there and win some games for the ballclub.”Outfielder Matt Kemp memorably posed for a second-base selfie with his future teammate during the All-Star Game. Machado said it was just a coincidence, that he was going to do it with any All-Star who got as far as second base and Kemp “just happened” to be the first National Leaguer to get there. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more