Low-income households face ‘remarkable’ rise in food insecurity in K-shaped economy: New York Fed

Federal Reserve Bank of New York research says rising food insecurity is partly behind Americans feeling worse off than ever. The article points to a deteriorating consumer backdrop and added pressure on household budgets, but provides no new policy action or market-moving figures. The read-through is mildly negative for consumer sentiment and discretionary spending.

Analysis

Federal Reserve Bank of New York research says rising food insecurity is partly behind Americans feeling worse off than ever. The article points to a deteriorating consumer backdrop and added pressure on household budgets, but provides no new policy action or market-moving figures. The read-through is mildly negative for consumer sentiment and discretionary spending.