Breitbart Business Digest: Biden and Republicans Pin Their Hopes for 2024 on Bidenomics
Republicans pinning their hopes for 2024 on Bidenomics being a flop should develop a backup plan.

Republicans pinning their hopes for 2024 on Bidenomics being a flop should develop a backup plan.

Reports of falling inflation have given a big boost to consumer sentiment.

Following the debt ceiling deal, consumer sentiment improved significantly.

Expectations for the near-term and long-term plunged in May as consumers fear the recession they see coming.

The Federal Reserve fired a shot across the bow of market complacency on interest rates.

Consumer sentiment unexpectedly plunged and long-run expectations for inflation jumped up.

No material change in the overall assessment of economic conditions.

Consumers are worried about a looming recession more than the turmoil in the banking sector.

Consumer sentiment fell further from already depressed levels in March.

Sentiment up among Republicans and down among Democrats after Republicans assume control of the House.

Consumers are likely to “exercise greater caution” with their spending in the months ahead thanks to high prices and worries that unemployment is poised to rise.

This might be one of the most hated stock market rallies in history. The American public’s bearishness on stocks is accompanied by a dour view of our economic prospects over the next six months.

Even with the bigger-than-expected lift and softer inflation expectations, consumer sentiment remains in the doldrums and below where it was a year ago.

The Christmas spirit is spreading across the land.

Expectations for retail sales are still high this year. Will declining consumer sentiment throw a monkey wrench into the works?

Here we go again. The Commerce Department on Wednesday said that consumer spending grew by 1.3 percent compared with September, when spending was unchanged with the prior month. Compared with a year ago, retail sales were up 8.9 percent. Total

Excluding this summer, this is the lowest level for Consumer Sentiment in more than forty years.

Most Americans expect Republican majorities in the House and Senate.

The acceleration of inflation in recent months and the very recent increase in gas prices appear to have pushed up consumer expectations of inflation for the near term and the longer run. U.S. consumers expect prices to rise 5.1 percent

Consumer sentiment improved a lot in August but the progress has now stalled.

The highest level of uncertainty about price levels since 1982.

Year ahead inflation expectations came down but longer term expectations ticked up.

The high cost of living and deteriorating purchasing power continue to be a big drag on consumers.

Everything is so expensive no one can afford to buy anything anymore.

The New York Fed’s consumer survey shows that more than half of Americans feel they are financially worse off than they were a year ago.

We set a grim record low for consumer sentiment in mid-June. Now it is even grimmer.

Consumer sentiment fell to its worst level ever recorded, as did perceptions of buying conditions. Expectations for inflation exploded higher.

Inflation has pulled down both the assessment of current conditions and expectations for what is still to come.

The government said on Thursday that the economy shrunk more in the first quarter than it initially estimated.

We now have two separate surveys that show economic confidence plummeting in the month of May.

The steeper than expected decline in consumer sentiment was caused by a drop in assessments of current conditions and an even sharper decline in hope for the future.

A decline in gasoline prices helped boost expectations.

How much more of this can we possibly take?

Thirty-two percent of consumers expect their overall financial position to worsen in the year ahead, the highest ever recorded in the history of the surveys started in the mid-1940s.

However much you disapprove of the job Biden is doing on inflation, he disapproves of the job you are doing with inflation even more.

The readings of current conditions and expectations among Democrats are the lowest of Joe Biden’s presidency.

Consumers’ views of their present situation fell sharply, near-term expectations fell by even more, and the expectation for the long-term prospects for the economy are at a decade low.

Twenty-six percent of consumers expect their financial prospects to worsen, the highest level of negative sentiment in four decades.

Consumer sentiment sank in January to the lowest level since 2011.

Nearly half of Americans think inflation will devour all their income gains this year. Less than one-fifth expect real income gains over the next year.
