US Consumer Confidence Rises, Inflation Still a Worry

YOU CAN GET MICHAEL'S WORK ON THE BLOOMBERG TERMINAL. LET'S TALK ABOUT THE CONFIDENCE NUMBERS. JOANNA HSU JOINS US FROM THE UNIVERSITY OF MICHIGAN WHERE SHE IS THE DIRECTOR OF SURVEYS OF CONSUMERS.THIS ONE LOOKS PARTICULARLY GOOD, JOANNA. INFLATION EXPECTATIONS ARE LOWER THAN THE SURVEY AND LOWER THAN THE PREVIOUS READINGS. JOANNA: WE ARE SEEING SOME IMPROVEMENT FROM NOVEMBER.I THINK THE INFLATION EXPECTATIONS NUMBERS ARE DEFINITELY MOVING IN A FAVORABLE DIRECTION BOTH IN THE SHORT RUN AND LONG-RUN. THAT IS ...