WSJ's Take On the Week Why This Economist Says Government Economic Surveys Can’t Be Replaced
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Sep 7, 2025 Dana M. Peterson, chief economist at the Conference Board, shares her insights into the complexities of economic data interpretation. She emphasizes the importance of survey-based data in understanding consumer sentiment, especially amid fears of a 'vibecession.' The conversation touches on the potential inadequacy of private data to replace government surveys and the crucial role of labor market indicators. Peterson also discusses the relationship between consumer confidence, inflation, and overall economic health in today's volatile landscape.
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Bond Market Volatility Reflects Fed Concerns
- Bond-market moves this week reflect global repricing, not just the U.S. economy.
- Concerns about Fed independence amplified volatility and pushed yields higher worldwide.
Gold Rally Signals Policy Risk
- Gold and yields rose together as investors priced political and policy risk.
- Tariff litigation and geopolitical risks are feeding safe-haven flows into gold.
Consumer Sentiment Is Mixed And Confusing
- Consumer sentiment indexes diverge: some measures show low morale while others remain middling.
- Stock-market gains, high household equity holdings, and strong jobs create mixed signals about real consumer behavior.