Daily Rundown
- Chief Strategist, Bryan Jordan CFA
- Feb 9
- 1 min read
February 9, 2026
Chart of the Day
Number of the Day
3.5 - The median expected 12-month inflation rate among respondents to the University of Michigan consumer sentiment survey in February, down from 4.0 percent in the prior month and the lowest in more than a year
Quote of the Day
"At this point, given what I'm seeing in the economy, I lean toward additional cuts. Whether that's one or two is hard to say." - San Francisco Fed President Mary Daly
Friday's Highlights
Consumer sentiment (February) rose to a six-month high 57.3 from a prior 56.4. The current conditions component was higher while expectations fell.
Consumer credit (December) moved higher by $24.0 billion, the most in a year, in a broad-based increase.
Quick Commentary
While consumer credit growth strengthened in 2025, it was still relatively soft, especially in inflation-adjusted terms. The pickup in December might be a harbinger of some further acceleration, however, especially given the low personal saving rate. Credit growth advanced solidly when the saving rate cratered in the mid-2000s, which was one of only a few periods historically in which the rate was lower than it is today.
Today's Highlight
Household expectations
Daily Trivia
What 19th century industry is considered a precursor to venture capital due to its large upfront investment requirements and uncertain payouts?
(Friday's Question: What entrepreneur traced his fortune to a patent for an "improvement in fastening pocket openings" filed in 1873? Answer: Levi Strauss)