{"id":259684,"date":"2024-09-13T21:01:00","date_gmt":"2024-09-13T21:01:00","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/13\/michigan-consumer-sentiment-up-inflation-expectations-down\/"},"modified":"2025-06-25T17:11:20","modified_gmt":"2025-06-25T17:11:20","slug":"michigan-consumer-sentiment-up-inflation-expectations-down","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/13\/michigan-consumer-sentiment-up-inflation-expectations-down\/","title":{"rendered":"Michigan Consumer Sentiment Up, Inflation Expectations Down"},"content":{"rendered":"

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Figure 1:<\/strong>\u00a0University of Michigan Consumer Sentiment (blue, left scale), Conference Board Consumer Confidence (tan, left scale), both demeaned and normalized by standard deviation (for the displayed sample period); and\u00a0Shapiro, Sudhof and Wilson (2020)<\/a> Daily News Sentiment Index (black, right scale). The News Index observation for September is through 9\/8\/2024. Michigan sentiment for September is preliminary. NBER defined peak-to-trough recession dates shaded gray. Source: U.Mich via FRED, Conference Board via Investing.com, SF Fed<\/a>, NBER, and author\u2019s calculations.<\/em><\/p>\n

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Figure 1:<\/strong> Year-on-year actual CPI inflation (bold black), and expected inflation from University of Michigan (red), NY Fed (light green), Survey of Professional Forecasters (blue +), Coibion-Gorodnichenko SoFIE mean (sky blue squares), Cleveland Fed (pink), all in %. Michigan inflation expectations for September is preliminary.Source: BLS, U.Michigan via FRED, NY Fed<\/a>,\u00a0Philadelphia Fed<\/a>,\u00a0Atlanta Fed<\/a>, Cleveland Fed<\/a>, and author\u2019s calculations.<\/em><\/p>\n<\/p><\/div>\n

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