UBS On-Air: Paul Donovan Daily Audio 'Great expectations on inflation'

We get one of the fun economic statistics today. US Michigan consumer sentiment data offers the always humorous breakdown between Republicans and Democrats (sadly only for headline sentiment—a breakdown of inflation expectations is not provided). These two groups report that they are living in different economies. To be fair, regional divergence in the US has increased, but the sentiment split is mainly about partisan bias. Obviously, people say one thing in surveys and act totally differently in reality.