Internet reports that Nick Timiraos, a reporter for the Wall Street Journal known as the "sounding board of the Federal Reserve", published an article saying that a University of Michigan consumer survey showed that inflation expectations surged. One-year inflation expectations jumped from 5.0% to 6.7%, the highest level since 1981, with an abnormal increase of 0.5 percentage points or more for four consecutive months. Democrats, Republicans and independents expect a general rise. Long-term inflation expectations climbed to 4.4% in April (previous value of 4.1%), with independents particularly seeing a significant increase. Consumer sentiment is now even lower than its lows during the Biden presidency, when oil prices and inflation soared.