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Unpacking Inflation and Consumer Sentiment
This chapter analyzes recent PCE inflation figures, indicating a complex relationship between monthly and yearly data trends, while examining the implications for monetary policy. It delves into the disparities in consumer sentiment across different political affiliations and economic conditions, emphasizing how perceptions are influenced by external factors like social media and global inflation experiences. The discussion also highlights the ongoing financial struggles of consumers amidst rising interest rates and stagnant wages, showcasing the intricate dynamics of economic indicators and public sentiment.