UMich December prelim shopper sentiment 74.zero vs 73.zero anticipated

• Prior was 71.eight
• Present circumstances 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 three.1% vs three.2% prior

This report is not about shopper spending, it is about politics. Act accordingly:

• Republican sentiment as much as 81.6 from 53.6 in October
• Democrats all the way down to 70.9 from 91.four in October

This is not a critical survey.

I believe the leap in one-year inflation expectations is about tariff fears. Disgrace on the Fed in the event that they learn something into this survey.

This text was written by Adam Button at www.ubaidahsan.com.



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