Consumer Fears Over Inflation Tumble

CNBC: “In the latest University of Michigan consumer sentiment survey released Friday, the one-year outlook for the inflation rate slid to 3.1%, down sharply from 4.5% in November and the lowest since March 2021.”

“The five-year outlook also moved lower, down to 2.8% from 3.2% the previous month.”

Jeff Stein: “Is sentiment improving because inflation cooled off and inflation-adjusted income improved, or because enough people got mad on Twitter that it successfully changed the media environment?”