Fed to take early snapshot of consumer conditions

federal reserve

The Federal Reserve on Monday said that it would soon begin a study into how consumers are faring with the credit crunch.

The Fed's Survey of Consumer Finances will delve into how households are coping with credit constraints and mortgage issues, how small business is performing, and expectations about the future of the economy.

The poll is usually undertaken once every three year and was last conducted in late 2007. However, the Fed opted to bring the survey forward. "Given the serious financia

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