Americans’ sentiment in current conditions has never been higher, according to University of Michigan’s latest survey. On the heels of small business exuberance, the headline UMich print jumped to its highest since 2004.
While ‘hope’ faded modestly (from 90.0 to 88.6), current conditions exploded from 114.9 to a new record high at 122.8…
Quite stunningly, UMich notes that All of the gain in the Sentiment Index was among households with incomes in the bottom third (+15.7), while the economic assessments of those with incomes in the top third posted a significant monthly decline (-7.3). The decline among upper income consumers was focused on the outlook for the economy and their personal finances.
Short-term inflation expectations also jumpe to 2.9% – the highest since March 2015…
via RSS http://ift.tt/2DxfraV Tyler Durden