Demand Side Forecast

The survey's preliminary July reading on the overall index on consumer sentiment plummeted to 66.5 from 76.0 in June.
The figure was below the median forecast of 74.5 among economists polled by Reuters.

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Consumer sentiment is a coincident indicator - and this is further evidence of an economic slowdown.
Interesting - the survey's one-year inflation expectations increased to 2.9% even as measured inflation has been falling.