Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Inflation Expectations Hit 10-Year-High, Home/Car Buying-Attitudes At Record Lows; UMich Survey Shows

Courtesy of ZeroHedge View original post here.

Preliminary data showed no improvement in Americans' sentiment in September, but the final print today showed a small rebound in confidence (and buying attitudes). The UMich final sentiment index rose to 72.8 from the preliminary reading of 71 (and better than the 70.3 expected). The gauge of current conditions rose to 80.1 from 77.1 in the initial print, while a measure of future expectations improved to 68.1, according to the survey conducted Aug. 25 to Sept. 27.

Source: Bloomberg

“Consumer sentiment edged upward in late September,” Richard Curtin, director of the survey, said in a statement.

“Although the overall gain still meant the continuation of depressed optimism, initially sparked by the delta variant and supported by a surge in inflation and unfavorable long-term prospects for the national economy.”

Perhaps of most note for Fed-watchers and Taper-tantrumers, longer-term inflation expectations rose unexpectedly to 3.0%, the highest in a decade

Source: Bloomberg

Finally, while buying conditions continue to be a bloodbath (due to prices), they did actually improve modestly from the flash data to the final print…

Source: Bloomberg

Positive views of buying conditions have plunged to half their level in the past year: favorable buying conditions for homes fell to just 32% in September, down from last year’s 65%, with the most negative references ever recorded to net home prices in the current quarter

The proportion of households who expected to be better off financially in a year fell to 30% in September, the lowest level since August 2016, and favorable financial expectations over the next five years fell to 44% in September, the lowest level in seven years.

Finally, things are not looking good for Biden as while Republicans and Independents surveyed saw sentiment improve, Democrats' confidence slumped to its weakest since he was elected…

Source: Bloomberg

Must be Trump's fault!


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!