The July consumer confidence index and inflation expectations provided by the University of Michigan were released.

The data showed that the respondents' consumer confidence declined, and they expected future inflation to decrease.

According to this logic, the respondents' expectations for the US economy are relatively pessimistic, and they are expecting the possibility of an economic recession.

The decline in consumer confidence and the decline in expected inflation are in line with expectations, which means that the decline in inflation comes from the decline in demand on the demand side, rather than the decline in prices.

I don't think this data is what the Federal Reserve wants.

Of course, today's data is only the initial value. Let's wait and see the final value data in the second half of the month.

#美国经济数据

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