> At the same time, consumers surveyed by the New York Fed also expected household income and spending to increase, particularly among households with annual in

> At the same time, consumers surveyed by the New York Fed also expected household income and spending to increase, particularly among households with annual income of more than $100,000, the central bank said. Quite interesting how much there is, at least, a two tier economy. How to deal with that with just one lever, interest rates, it is very difficult. You may stop inflation in one tier and send the other one down in a spiral. Or the other way around.