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24.02 - 19:47
What to Expect When Consumers Don’t Expect Inflation to Last
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wsj.comAmericans are bummed out about inflation. And yet they don’t seem to see it as a lasting problem.
The University of Michigan on Friday said that, in a preliminary reading, its measure of consumer sentiment among U.S. households fell to 61.7 this month from 67.2 in January. That was the lowest level since 2011. It is a reading that is, in some regards, hard to square with recent news, such as the sharp decline in Covid-19 cases over the past month and the booming job market.
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