Sentiment survey from the University of Michigan
- Final Feb survey was 101.0
- Expectations 85.3 vs 92.1 prior
- Current conditions 112.5 vs 114.8 prior
- 1-year inflation 2.3% vs 2.4% prior
- 5-10-year inflation 2.3% vs 2.3% prior
Economists did a good job of estimating the initial hit but I would expect a fall in the final number and a sharp fall --- perhaps the largest one ever -- next month. Any bets on how far it falls?