Tracking consumer sentiment versus how consumers are doing based on verified retail purchases

Jack Chylak, Leo Feler, Sinem Hacioglu Hoke and Samantha Mitchell

No 2025-04-24-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Despite low unemployment, moderating inflation and anchored inflation expectations, and rising incomes since mid-2022, surveys at the end of 2024 continued to report that consumer sentiment remained unusually low, below levels at the onset of the pandemic and on par with levels during the Great Financial Crisis. Why was there this discrepancy between consumer sentiment and the real economy?

Date: 2025-04-24
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-04-24-2

DOI: 10.17016/2380-7172.3767

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