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UMich Sentiment Crashes To Lowest On Record As War Sparks Inflation Panic Among Democrats
UMich Sentiment Crashes To Lowest On Record As War Sparks Inflation Panic Among Democrats
While the March UMich sentiment survey was completed before and after the start of the Iran War (with only modest impacts on sentiment and inflation expectations), today's preliminary April data survey period was all in the war with expectations for a notable drop in sentiment and sizable jump in inflation expectations.
It turns out the expectations were right in direction but underestimated the scale as headline sentiment plunged from 53.3 to 47.6 (far worse than the 51.5...
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