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Data: Morning Consult/Axios Inequality Index; Chart: Axios Visuals

A consumer confidence component of the Morning Consult/Axios Inequality Index simply breaks up daily consumer confidence readings among the three different income groups and details the difference between them.

Why it matters: Unlike other categories, it has steadily increased since May 2020 but is beginning to move downward.

Watch this space: Inequality in consumer confidence is the only index component that is nearly triple its level from May.

  • In May 2020, consumer confidence among individuals earning $50,000 or less was 7.1 points lower than for individuals earning more than $100,000.
  • In May 2021, the difference between the two groups was 18.2 points.

But, but, but: "I think it's premature to say this recession will result in increased inequality," said Morning Consult chief economist John Leer.

  • "That depends a lot on policy decisions that have yet to be made," he added.

Go deeper: For a detailed explanation of the index's methodology click here.

Go deeper

Producer prices rose faster than expected in July

Data: BLS, FRED; Chart: Axios Visuals

Producer prices jumped by more than expected. Some economists think it could be the peak rate of increase. But the spread of the Delta variant poses a big uncertainty.

Why it matters: Producer prices reflect what businesses pay for the materials that go into the stuff they eventually sell to their customers. Higher producer prices put more pressure on businesses to pass those costs on through consumer price hikes.

Updated 57 mins ago - Science

This powerful new accelerator looks for keys to the center of atoms

Illustration: Eniola Odetunde/Axios

Nuclear physicists trying to piece together how atoms are built are about to get a powerful new tool.

Why it matters: When the Facility for Rare Isotope Beams begins experiments later this spring, physicists from around the world will use the particle accelerator to better understand the inner workings of atoms that make up all the matter that can be seen in the universe.

Updated 59 mins ago - Politics & Policy

Omicron dashboard

Illustration: Aïda Amer/Axios

  1. Health: FDA OKs antiviral drug remdesivir for non-hospitalized COVID patients — Walensky: CDC language "pivoting" on "fully vaccinated" — Pfizer and Moderna boosters overwhelmingly prevent Omicron hospitalizations, CDC finds.
  2. Vaccines: The case for Operation Warp Speed 2.0 — Teens and adults missed 37 million vaccinations during COVID — Team USA 100% vaccinated against COVID ahead of Beijing Olympics — Kids' COVID vaccination rates are particularly low in rural America — Annual COVID vaccine preferable to boosters, says Pfizer CEO.
  3. Politics: Arizona governor sues Biden administration over COVID funds tied to mandates — Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older — Austria approves COVID vaccine mandate for adults — Beijing officials urge COVID-19 "emergency mode" before Winter Olympics.
  5. Variant tracker

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