The headline UMich Sentiment survey rose to its highest since April to end the year, thanks to a post-election surge in Current Conditions that more than dominated a dip in Expectations...

Inflation expectations were mixed with the short-term rising and longer-term falling post-election...

But breaking down inflation expectation by political party... it's pretty easy to see which way The FOMC leans...

Overall, Republicans are significantly more confident than Democrats since the election...

UMich's Director of Surveys, Joanne Hsu, notes that "Broadly speaking, consumers believe that the economy has improved considerably as inflation has slowed, but they do not feel that they are thriving; sentiment is currently about midway between the all-time low reached in June 2022 and pre-pandemic readings."

...easy to see which way The FOMC leans...
{ai:summary}The UMich Sentiment survey has reached its highest level since April, driven by a post-election increase in Current Conditions, despite a drop in Expectations. Inflation expectations show mixed results, with short-term rising and long-term falling.Republicans express significantly more confidence in the economy compared to Democrats. UMich's Director of Surveys, Joanne Hsu, indicates that while consumers perceive economic improvement as inflation slows, they do not feel they are thriving, with sentiment remaining between the lows of June 2022 and pre-pandemic levels. #economy

UMich Inflation Expectations Rise, Driven By Downbeat Democrats

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