Consumer "Hope" Slumps As Inflation Expectations Hit Record Lows
By Tyler Durden
Despite surging stock prices in April, UMich’s final Consumer Sentiment print slipped to 89.0 (from 89.7 prelim and 91.0 previous) notably below expectations and the lowest since September 2015. Under the covers though, it was “hope” that really plunged, as Consumer expectations dropped to 77.0 – the lowest since September 2014. However, worst of all for The Fed is that medium-term inflation expectations tumbled back to 2.5% record lows.
Hope is plunging…
As inflation expectations tumbled back to record lows…
Source: Consumer "Hope" Slumps As Inflation Expectations Hit Record Lows
Posted April 29th, 2016 in Uncategorized.
