Economic uncertainty is seeping into consumer expectations, which can become something of a self-fulfilling prophecy, an Aspen Institute economist says.
Stephen Nowland, courtesy Federal Reserve Bank of Atlanta
Businesses, consumers and the Fed are moving carefully because of uncertainty, says Raphael Bostic. “When the fog gets thicker, you're going to pull over and wait.”
In most of the country, sending a kid to day care costs more than sending one to a public university. But in New Mexico, most families can pay nothing at all.