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Mike Shedlock, author / blogger at MishTalk, reports that consumer sentiment has dropped to a record low.
Consumers are citing rising gasoline prices and tariffs as primary factors, while overall inflation expectations and economic concerns remain elevated.
Shedlock recently reported that year-over-year U.S. PCE inflation reached 3.5 percent, exceeding the Federal Reserve's 2 percent target, making rate cuts unlikely (link). In a separate analysis, he dismissed the relevance of the petrodollar to global reserve currency status (link). These prior reports provide further context for Shedlock’s current focus on inflation and economic sentiment.