ChainCatcher news: U.S. consumer confidence has barely changed this month. Overall, the stability of U.S. consumer confidence this month masks the divergent patterns between the parties.
As was the case in November 2020, Republican expectations surged this month while those of Democrats fell, reflecting the partisan differences in how Trump’s policies will affect the economy. In contrast, there was minimal change in current conditions across the political spectrum this month, consistent with the fact that the election results had little immediate impact on current economic conditions.
Ultimately, there is still a lot of uncertainty about the future implementation of Trump's economic agenda, and consumers will continue to adjust their views in the coming months. Inflation expectations for the next year fell slightly from 2.7% last month to 2.6% this month. The current reading is the lowest since December 2020 and is within the range of 2.3%-3.0% seen in the two years before the pandemic. Long-term inflation expectations rose from 3.0% last month to 3.2% this month.
