Hey, serious question, what do you think is going to happen with this economy?

I'm asking because Jay Powell wants to know, from American public media, this is Marketplace.

In Los Angeles, I'm Kyle Rizdole, it is Monday, today, the 11th of September.

It is always to have you along, everybody.

Let's do a quick one, two, three of the big picture data that's coming out this week,

shall we?

Wednesday will bring us the consumer price index.

That'll be for August.

It will, of course, be parsed and sliced a zillion different ways.

Thursday will be created with producer prices, also retail sales.

Today, though, we got a survey from the Federal Reserve Bank of New York about consumer expectations.

Expectations about a bunch of things, the labor market, their own household finances,

also inflation, where consumers expect inflation to go in the short and in the long term.

Expectations matter because they can affect reality.

And of late, they have been pretty steady, those expectations.

Have consumers with thinking inflation is going to take down a bit over the next three

years.

Meanwhile, though, their outlook on income growth and their future financial situations

has deteriorated a bit.

Marketplace's Kristen Schwab looks at what's happening and what it means for the Fed and thus

for us.

In some ways, the survey of consumer expectations is kind of like a report card on how

...