Friday, January 18, 2019

Consumer Sentiment Declined in January, Lowest since 2006

From the University of Michigan: Preliminary Results for January 2019 Consumer sentiment declined in early January to its lowest level since Trump was elected . The decline was primarily focused on prospects for the domestic economy, with the year-ahead outlook for the national economy judged the worst since mid 2014 . The loss was due to a host of issues including the partial government shutdown, the impact of tariffs, instabilities in financial markets, the global slowdown, and the lack of clarity about monetary policies . emphasis added CR Note: Sentiment is a coincident indicator....(read more)
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