NEW YORK—On Tuesday, April 16, and Wednesday, April 17, 2024, the Federal Reserve Bank of New York will release two Liberty Street Economics blog posts in celebration of the 10-year anniversary of the Center for Microeconomic Data (CMD). Launched in 2013, the CMD focuses on the collection and analysis of microeconomic data to measure economic conditions, expectations, and behavior at the consumer level.
The blog posts will explore two core datasets that are central to the CMD’s data collection efforts: the New York Fed’s Survey of Consumer Expectations (SCE) and Consumer Credit Panel (CCP). Looking back over the last ten to fifteen years of the data, the posts highlight how both datasets have evolved over time, key themes in their history, and how they have contributed to an understanding of the economy.
The blog posts include:
“The Survey of Consumer Expectations: A Look Back at the Past Decade” examines some of the headline findings from the first decade of the survey’s history, highlighting the evolution of consumers’ expectations about inflation and labor market outcomes.
“The New York Fed Consumer Credit Panel: A Foundational CMD Data Set” looks at some of the main household debt themes over the past fifteen years, including household debt during the pandemic and student debt, and how analysis using the CCP contributed to our understanding.
In addition, the New York Fed will release two forthcoming blog posts looking at the post-pandemic shift in retirement expectations using the SCE, and the longer-term impact of foreclosures during the Great Recession on borrowers through the lens of the CCP.
