Leaving aside the political color of the University of Michigan, on the one hand, it is predicted that the one-year inflation in the United States will rise sharply from 5% to 6.7%, and on the other hand, it is expected that consumer confidence will be severely lacking, falling from 57% to 50.8%, and even the inflation for the 5 to 10 years will rise from 4.1% to 4.4%. This indicates that the consumer market in the United States believes that prices will continue to rise, but they already have no money to spend, which is almost a signal of economic stagnation. Consumers expect inflation to be higher but completely do not believe that the future will be better, reflecting a crisis of trust in economic policies. For the Federal Reserve, inflation is likely to be caused by tariffs, and the economy is also affected by high interest rates in addition to tariffs. The reason why interest rates do not decrease is because inflation is too high. Inflation and tariffs increase prices, consumer wages do not increase enough, unemployment rates rise, consumer spending power decreases, the economy declines, inflation shifts to deflation, the economy declines, interest rates decrease, interest rates return to zero, water is released, and the economy is re stimulated. Deflation shifts to inflation, and inflation rises. The signal actually conveyed by the University of Michigan is that the United States is currently standing in a stagflation zone of "high inflation+low growth", with limited policy tools and insufficient market confidence. Any "forced interest rate cut" will be a confirmation of economic downturn and an increase in economic risks. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex