The past week has been a rollercoaster ride for economic news, from the latest inflation data to the GDP figures and the political arena heating up. Let's delve into the numbers, the implications, and what it means for the average American.
Have you ever pondered over your financial state, comparing it to the past or predicting the future? It's a common exercise, and one that the University of Michigan uses to calculate the Consumer Sentiment Index, an indicator that purports to gauge the public's economic pulse. Yet, a curious disconnect exists between the robust economic data and the prevailing consumer mood. Why is there a disparity, and what does it imply for the upcoming US presidential election?