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Economic Growth Outpaces Public Sentiment as Cryptocurrencies Remain Unmentioned
Economic Growth Outpaces Public Sentiment as Cryptocurrencies Remain Unmentioned
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Consumer sentiment has plummeted to its lowest level since 2014, according to The Conference Board, despite economists' Optimism about robust GDP growth. The Federal Reserve Bank of Atlanta projects a 5.4% annualized expansion in Q4—the fastest since the pandemic recovery—yet a stark disconnect persists between macroeconomic data and public perception.
Bernard Yaros of Oxford Economics notes this anomaly: "Consumer sentiment has become unusually divorced from the macroeconomy since the pandemic." The resilience of consumer spending, typically a reliable indicator, fails to align with prevailing economic unease. This divergence challenges traditional forecasting models that rely on sentiment surveys to predict consumption trends.
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