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Republicans' Confidence Rebounds In December As Inflation Fears Ease

Tyler Durden's Photo
by Tyler Durden
Thursday, Dec 23, 2021 - 03:18 PM

Analysts expected the final data for University of Michigan to confirm the preliminary prints with a very modest rebound from post-COVID lows (and 10 year lows) and they were right but we note that current conditions dipped from the early month data while expectations inched higher...

Source: Bloomberg

All political cohorts saw an improvement in sentiment in December, but Republicans picked up the most...

Source: Bloomberg

It seems bad news for Biden is good news for Republicans' sentiment.

The rebound in buying attitudes actually weakened throughout the month (though still improved overall)...

Source: Bloomberg

Finally, inflation expectations dipped very modestly in the final December data...

Source: Bloomberg

Is Powell's proactive taper talk actually working on Americans?

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