WS #14067
University of Michigan sentiment plunged to 51.0 (vs 54.5 expected) with 1-year inflation expectations rising to 4.3%, while retail sales fell 0.6% and core retail sales -0.3%, signaling stagflationary pressures.
Weak US economic data
University of Michigan sentiment plunged to 51.0 (vs 54.5 expected) with 1-year inflation expectations rising to 4.3%, while retail sales fell 0.6% and core retail sales -0.3%, signaling stagflationary pressures.