Consumer Confidence Slumps As Inflation Expectations Crash To All-Time Lows

The “disinflationary mindset” remains as UMIch-reported medium-term inflation expectations plunge back to record lows.

 

Headline consumer confidence also dropped to its lowest since 2016 lows in April driven by drop in ‘hope’ from the flash print – stuck at lowest levels since 2014.

 

Perfect time for rate hike then?

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