Household spending growth expectations dip to 3.1% vs 3.7% - Federal Reserve

The Federal Reserve was on the wires on Monday:

Household spending growth expectations dip to 3.1% vs 3.7%.

3-year ahead inflation expectations 2.9% in Jan. vs 2.8%.

1-year ahead inflation expectations rise to 3% vs 2.8%.

U.S. household spending expectations lowest since Jan. 2016.