Inflation rose to 7% last month, highs last seen in 1982. This has markets on edge and consumers far less bullish than they were in summer 2021, before the fallout from the Delta and Omicron variants.
Yet the overall picture is one of mixed signals. Right now, consumer outlook is still depressed relative to pre-pandemic levels, while optimism about the future of the economy is tracking downwards. At the same time, we’ve not yet seen as steep as reversal as we did in early 2020, although some groups are more confident than others.
That’s because the economic rebound, such as it is, hasn’t reached everyone equally. Below, a closer look at current economic sentiment in the US. CONTINUED
Clifford Young & Catherine Morris, Ipsos
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