Americans See Current Economic Conditions Worst In 11 Months As Inflation Expectations Plunge

Posted by ZeroHedge

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University of Michigan survey results show Current Economic Conditions plunged to 103.5 – the lowest since Oct 2015. The biggest driver of this weakness is tumbling inflation expectations (with 1Y outlook dropping to 2.3% – the lowest since Sept 2010).

Confidence was unchanged in early September from the August final and barely different from the July reading.

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