The May University of Michigan Consumer Sentiment reading scored 67.4, a six-month low and far beneath an expected 76.2. Surveys of Consumers Director Joanne...
The May University of Michigan Consumer Sentiment reading scored 67.4, a six-month low and far beneath an expected 76.2. Surveys of Consumers Director Joanne Hsu wrote that consumers express"worries that inflation, unemployment, and interest rates may all be moving in an unfavorable direction in the year ahead."to give insight into the Consumer Sentiment numbers and what the data signals about the strength of the consumer.
I think it's fair to say within the economy, at least the most recent prints that we have seen, is it still too early to cut rates at this point? I'm curious then does the fed care that consumers think inflation is staying above 3% that's not the number they want.Um You know, I think they're obviously tracking all the different metrics.And again, as I said, in the April jobs report, we saw that wage inflation moderated.
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