Joanne Hsu

scientist

29 stories

28 quotes

The current reading substantially exceeds the 3.4% seen in February before the Iran conflict began, along with all 2024 readings. Long-run inflation expectations also stepped up from 3.4% in September to 3.5%, notably higher than their 2024 range of 2.8% to 3.2%,
Views of current and year-ahead expected personal finances both weakened about 10% this month, with concerns over high prices continuing to climb,
The current reading substantially exceeds the 3.4% seen in February before the Iran conflict began, along with all 2024 readings. Long-run inflation expectations ticked up to 3.4%, ending three consecutive months at 3.3%. These expectations remain higher than their 2024 range of 2.8% to 3.2%,
Overall, sentiment is now 16% below February, prior to the start of the Iran conflict, and 13% lower than a year ago,
Democrats and Republicans alike posted sizable declines, while independents were little changed from August."
Expected year-ahead business conditions fell back 10%, along with a 13% drop for the five-year horizon. Any re-escalation of trade tensions will likely exacerbate these trends,

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