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Data: University of Michigan; Chart: Axios Visuals

While Wall Street has gotten more excited about the economy since March, U.S. household sentiment remains "depressed," says Jon Hill, rates strategist at BMO Capital Markets.

Driving the news: The University of Michigan's consumer sentiment index is still near its lowest since 2013.

What they're saying: "There's no evidence of a V-shaped spike in animal spirits commensurate with near record-high equity indices," Hill said in a note.

  • "The current assessment ticked down to 82.5 from 82.8, while forward expectations improved to 66.5 from 65.9."
  • "Inflation assumptions one year out were unchanged at 3.0% while the 5- to 10-year forward measure printed at 2.7%."

Go deeper

Dion Rabouin, author of Markets
Oct 1, 2020 - Economy & Business

Midwest manufacturing survey soars

Data: Investing.com; Chart: Axios Visuals

Unexpectedly strong U.S. data may have helped pull the stock market out of its funk over the past few days.

Driving the news: Following Tuesday’s stronger-than-expected consumer confidence report from the Conference Board, ADP reported the biggest increase in private-sector job growth in three months Wednesday and a measure of business conditions in the Midwest rose to the highest level since the end of 2018.

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How hospitals are prepping for the new COVID-19 surge

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Axios Re:Cap digs into what hospitals have, and what they still need, with Lloyd Dean, CEO of CommonSpirit Health, one of America's largest operators of hospitals and health clinics.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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  4. Education: Surge threatens to shut classrooms down again.
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  8. 🎧Podcast: The vaccine race turns toward nationalism.