Michigan Sentiment (Prel) Surprises | Econbrowser

on the upside. But the disjuncture between (inverted) misery and sentiment (and confidence) continues. Figure 1: Michigan Consumer Sentiment (blue, left scale), and Conference Board Consumer Confidence (tan, left scale), both normalized to 2021M01=0; and inverted Misery Index (green, right inverted scale). November Misery Index uses nowcast for CPI as of 12/8/2023. NBER defined peak-to-trough … Read more