- Prior was 71.8
- Present circumstances 77.7 vs 63.9 prior
- Expectations 71.6 vs 76.9 prior
- 1-year inflation 2.9% vs 2.6% prior
- 5-year inflation 3.1% vs 3.2% prior
This report is not about client spending, it is about politics. Act accordingly:
- Republican sentiment as much as 81.6 from 53.6 in October
- Democrats right down to 70.9 from 91.4 in October
This is not a severe survey.
I believe the bounce in one-year inflation expectations is about tariff fears. Disgrace on the Fed in the event that they learn something into this survey.
This text was written by Adam Button at www.forexlive.com.
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