In nearly every major developed economy, unemployment is low, inflation is relatively high, and growth is stagnating, if not contracting — an unusual combination, to be sure. In the U.S., add “consumers are miserable” to that mix, as August’s University of Michigan Consumer Sentiment Index hovered near an all-time low. The sour mood can be …

Less is More: Slowing Inflation Provides a Boost for Stocks, Consumers Continue to Spend Read More »