Kim Perales
@KimPerales@toad.social  路  activity timestamp last week

"Americans馃毃are losing confidence in the .

The US consumer index:猬囷笍to 97.4 in Aug from 98.7.

HHs馃毃see fewer jobs ahead, higher costs, & storm clouds bldg.

In Aug, both components fell. Present Situation Index slipped to 131.2 (from 132.8). Expectations Index猬囷笍74.8 (from 76.0), <80 usually signals the economy is headed for a downturn.

Jobs: weak spot -marks: 8th straight mo consumers downgraded their view of job avail. Job outlooks for the future: got worse."
-Stk Mkt News
Kim Perales
@KimPerales@toad.social replied  路  activity timestamp last week

"Inflation fears:馃毃back. Consumers expect prices to猬嗭笍6.2% over: next year, up from 5.7% in July.

expectations are critical bc they shape real spending.

Mentions of rose, ppl worry *mean higher prices.

When HHs feel everyday essentials are getting more expensive, conf: weakens.

Stock mkt outlook: dimmed. 47.4% expect stock prices to rise over the next year, down from 48.9% in July.

54% expect %rates to rise in the next year (vs 53.1% in July).
-Stk Mkt News