Having already warned of a “deflationary mindset,” today’s University of Michigan Confidence data suggests Americans are falling deeper into dis-inflation territory. Today’s headline tumble in confidence to 4-month lows, with “hope” dropping to 6-month lows is dominated by the plunge in 5-10 year inflation expectations to 2.4% (from 2.7%) – a 36-year record low.
Whatever you’re doing Janet – It’s not working!
via Zero Hedge http://ift.tt/1O6In6P Tyler Durden