00:00 Mr Speaker a
The fingerprints are organized in September, the University of Michigan Index comes with 55.1 down from 58.2 in August.
00:09 Mr Speaker a
So what does that mean in consumer performance that has aroused an unequal economy? Let’s present Jeans HSU, University of Michigan Director, Consumer surveys. Joanne, thank you for joining us.
00:21 Mr Speaker a
Yes, in fact, you had weakness here, Um, in the direction. At the same time, you know, we were just talking about the use of a person. Spending personal money has been issued in Eming in August. We’re talking about September UH feelings. Anyway, how are you, UM, explain to keep the eyes of feelings continue to see?
00:37 Joanne HSU
Most importantly understand that consumer spending can be equally generated throughout the number of Americans. A lot of consumers is made by those with higher income and higher resources. And in fact, when we look at Uh Mennand Trends this month, ams have great stock management that was supported by the stock prices. Uh Uhwilling of their holds strong and some consumers who saw a decrease.
00:57 Joanne HSU
Ma, and therefore we see solid consumer use, strong speech, supported by people who have resources, but most Americans, is a desperate future. Ma, and with Uh weakened in labor markets, it is difficult to see what we can be used in the universe throughout the population.
01:12 Mr Speaker a
Joanne, this is the key point, sounds, sounds like it is talking more recently, the K-Shaped economy wants to give you, if you want to stand up, if you agree.
01:22 Mr Speaker a
If you look at your reading and the hospital gap, which gap looks like? Can you find it? And are you raised later? Does it always be the same? How has that been upgraded?
01:31 Joanne HSU
We always see a gap, high salary, high consumers have good economic views than low money, low consumers. And, He knows, that’s not amazing. Interestingly, between 2019, the groups all contacted in April and May, where Uh Trimeoric hit its highest value and the highest prices were announced in April.
01:44 Joanne HSU
Since then, you know, at that time, in that case, across the highlights of those upper policies, and the many people’s services will be slow, and the feelings of the highest wealth, and their feelings are too low.
02:05 Mr Speaker a
And Joanne, what about the biggest distinction that we are talking about about political division. I know that you all follow the political team’s feelings for a while here. What kind of progress we see there?
02:14 Joanne HSU
OK. So we saw that Partisan divided and a row of at least Reagan Administration. So this is not new. But Am is really unique in the current situation that the part of a part is widely driven by the difference in view of the Federal to how to affect the economy.
02:23 Joanne HSU
Hello talks about, the UH reports that the final current policies have led to some economic growth, and the democracy is truly concerned that it will result in unemployment and UM. Mr, interesting, one thing that harms all the people agree, if you don’t agree or not or not or not or not
02: 4: 40 Joanne HSU
Uh so widely international consumers expecting inflation to be more inflation than before this year. I can’t be sure to get out of the forest according to the inflation inflation.
