Despite surging stock prices in April, UMich’s final Consumer Sentiment print slipped to 89.0 (from 89.7 prelim and 91.0 previous) notably below expectations and the lowest since September 2015. Under the covers though, it was “hope” that really plunged, as Consumer expectations dropped to 77.0 – the lowest since September 2014. However, worst of all for The Fed is that medium-term inflation expectations tumbled back to 2.5% record lows.
Hope is plunging…
As inflation expectations tumbled back to record lows…
via http://ift.tt/1QF5d73 Tyler Durden