- Prior was 71.8
- Current conditions 77.7 vs 63.9 prior
- Expectations 71.6 vs 76.9 prior
- 1-year inflation 2.9% vs 2.6% prior
- 5-year inflation 3.1% vs 3.2% prior
This report isn’t about consumer spending, it’s about politics. Act accordingly:
- Republican sentiment up to 81.6 from 53.6 in October
- Democrats down to 70.9 from 91.4 in October
This isn’t a serious survey.
I suspect the jump in one-year inflation expectations is about tariff fears. Shame on the Fed if they read anything into this survey.
This article was written by Adam Button at www.forexlive.com.
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