The brief statement indicates the New York Fed (Federal Reserve Bank of New York) views uneven consumer spending patterns as an ongoing trend rather than a new development.
The source says the New York Fed (Federal Reserve Bank of New York) considers the "K-shaped" spending trend to be real and already in place since 2023. In economic usage, a K-shaped pattern describes a split recovery or spending environment in which different groups follow diverging paths, with some households or sectors remaining resilient while others weaken. The input does not provide underlying figures, categories, or methodology, so no further factual detail is available from the source text alone.