UMich Consumer Confidence Near 8-Year High, Inflation Expectation
Despite the collapse of inflation expectations in last month’s UMich confidence, the push to 7-year highs was unstoppable (though missing expectations)…after soaring confidence amid Ebola scares and crashing stocks in October, even the surveyers were questioning the respondents’ replies “it would be surprising if recent declines in household wealth did not reverse some of the recent gains in optimism…