Nate Cohn

Nate Cohn @Nate_Cohn

One note on inflation and consumer confidence: there's really no precedent for high consumer confidence with inflation in this range over the last 60 years, but confidence today (red dot)is probably lower than you'd guess based on inflation alone https://t.co/YRMnnhpKkY — PolitiTweet.org

Nate Cohn @Nate_Cohn

One could argue that 7% inflation is more jarring today than it was in those prior instances, when baseline inflation was higher. But with this basic pattern, I do think it's reasonable to argue there's more going on than the financial pain of inflation — PolitiTweet.org