Leading Indicators (Dec)
| Survey | -0.1% |
| Actual | -0.2% |
| Prior | -0.4% |
| Revised | n/a |
Down some, but not terrible.
U. of Michigan Confidence (Jan P)
| Survey | 74.5 |
| Actual | 80.5 |
| Prior | 75.5 |
| Revised | n/a |
Up, but not great – not yet the stuff of recession.
U. of Michigan Confidence TABLE
Note how high the current levels are – no recession there.
It’s expectations that are weak – the CNBC effect.
And inflation expectations remain higher than the fed’s comfort level.
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