Consumer Confidence Disappoints As Trump Hope Dips
by Tyler Durden
ZeroHedge.com
Jan 13, 2017
After surging to 12-year highs in December, following Trump’s election victory, UMich consumer sentiment faded in January and missed expectations (98.1 vs 98.5 exp). While inflation outlooks picked up modestly off record lows, economic ‘expectations’ – hope – dipped from 89.5 to 88.9 as the Trump Bump appears to have stalled.
While not quite as big a drop as Bloomberg confidence data, it appears Trumphoria is fading…
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