Politico: Is the economy really worse off than in April 2020?

Politico: Is the economy really worse off than in April 2020?. “Consumer sentiment has nosedived over the past month as Americans feel the pinch from surging prices on everything from gasoline to ground beef. What can the shift tell us about the broader economy? It’s complicated. The University of Michigan’s consumer sentiment index, a monthly survey that measures people’s perceptions of current and future economic conditions, hit 66.8 on Friday, its lowest level in a decade. The numbers stunned economists, who had expected the reading to rise slightly to 72.”

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