THAT ’70S SHOW: UMich Sentiment Signals Stagflation As Hope Plunges & Inflation Expectations Soar.
After disappointing in January (both current and expectations), analysts expected a rebound in consumer sentiment in preliminary February data (both current and expectations), but they were very disappointed as everything missed expectations. U.S. consumer sentiment unexpectedly declined to a six-month low in early February as the outlook for personal income deteriorated and more Americans anticipated faster … Read more