The Federal Reserve (FED) megaphone: American consumer sentiment is even at a lower low than during Biden's term.

GateUser-6433627c · 2025-04-11T15:08:03+00:00

The University of Michigan Consumer Survey shows that inflation expectations have soared to their highest level, with one-year inflation expectations jumping from 5.0% to 6.7%, marking an unusually high increase for four consecutive months, triggering a broad rise in long-term inflation expectations. Consumer sentiment is lower than the lower low during the surge in oil prices and inflation in President Biden's term.

GateUser-6433627c

2025-04-11 15:08:03

Abstract generation in progress

On April 11, Nick Timiraos, a reporter for The Wall Street Journal known as the “voice of the Federal Reserve,” published an article stating that the University of Michigan’s Consumer Sentiment Survey shows inflation expectations soaring, with the one-year inflation expectation jumping from 5.0% to 6.7%, the highest level since 1981, with abnormal increases of 0.5 percentage points or more for four consecutive months. Democrats, Republicans, and independents expect a comprehensive rise in long-term inflation expectations, which climbed to 4.4% in April (previous value 4.1%), with independents showing particularly significant increases. Consumer sentiment is now even lower than the low points during the surge in oil prices and inflation under President Biden’s term.

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