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‘Frustrated’ Americans Mark Up Their Inflation Outlook. Again.
We're going to need another revision.
The marquee gauge of US consumer moods came up short on Friday, when University of Michigan sentiment printed 77.9, down from the prior month's 79.4 which counted as the best reading since summer of 2021.
Context is key. The last two months saw the headline print revised dramatically from the preliminary reading to the final release, February's lower and March's higher. So, 77.9 may or may not be indicative of the "actual" mood in April. Joe Biden will be
If you are young and starting out or in the bottom 50% of income with few assets you are hurting. Ironic that it is hurting Biden. He has pushed solutions. Sometimes he gets some help from congress, the last 1.5 years not so much. The courts have not helped. A responsive government would already be figuring out a universal basic income program and continuing improvement in the safety net for the average citizen.