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Inflation fears persist as confidence wavers in survey
University of Michigan researchers report only 35 percent of 1,374 adults surveyed in February foresee an economic turnaround this year, while 56 percent expect a slower recovery. Schmiedeskamp notes ongoing distrust in government policies dampens sentiment despite lower inflation expectations. Auto rebates boost consumer reaction amid cautious outlook for five-year prospects.
MENTIONED IN THIS ARTICLE
Ann Arbor
Mich
University of Michigan
U. M
Survey Research Center
SRC
Jay Schmiedeskamp
Schmiedeskamp