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Inflation Expectations Hit 13 Year High As Democrats Drive Sentiment Slump In July

Tyler Durden's Photo
by Tyler Durden
Friday, Jul 30, 2021 - 10:08 AM

The final July UMich sentiment survey was not expected to improve at all over the disappointing preliminary print, which showed a drop in confidence across the board (even among Democrats), and they were basically correct with a very small improvement over the mid-month reading but all still down on the full month...

Source: Bloomberg

Buying Conditions worsened within the month with homebuying and vehicles attitudes dropping to new cycle lows...

Source: Bloomberg

Interestingly it appears that Democrats are losing faith in the economic future of America...

Source: Bloomberg

Finally, inflation expectations dropped very modestly from mid-month readings (1Y from 4.8% to 4.7% and 5-10Y from 2.9% to 2.8%), but the 1Y expectation rose on the month after dipping to 4.2% in June (the highest since 2008)...

Source: Bloomberg

 

 

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