Collapsing Confidence in Public Health/Macroeconomic Management

Consumer sentiment declines; economic policy uncertainty on the rise; real interest rates declining. It’s all in the graph below.

Figure 1: University of Michigan consumer sentiment (top), Economic Policy Uncertainty Index (middle), TIPS 10 year constant maturity yield, % (bottom). U Mich sentiment is preliminary for July, EPU in July is thru 7/25/2020, TIPS in July is thru 7/24/2020. Source: University of Michigan and Treasury via FRED,