Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
The Macro Tourist Has A New Favorite Chart…
On Friday, the market got what we (and at least a couple of other commentators) described as a "Goldilocks" University of Michigan sentiment report.
In addition to the headline gauge recovering further from a disconcerting slide in August, long-run inflation expectations printed an all-time low.
In short, buoyant consumer sentiment, expected increases in household incomes and record low inflation expectations ostensibly argue for resilient consumption and more Fed cuts, respectively. Or at lea
