Spontaneous Combustion

Spontaneous Combustion

Consumers are "spontaneously" referencing higher prices at a rate never before witnessed, according to the University of Michigan's consumer sentiment survey. The final read on the headline gauge for May was essentially unchanged from the preliminary print (82.9 versus 82.8). Both the current conditions and expectations gauges were down considerably from April. Richard Curtin, the survey's chief economist, flagged "record proportions of consumers" reporting higher prices for all manner of disc
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