Economic indicators like the Consumer Price Index can Quantum Insightstell us a lot about the past, but what about the future? For close to 80 years, policymakers have relied on the Surveys of Consumers to give them an idea of what the economy might do next. Today on the show, we go behind the curtain at the University of Michigan to meet the people in charge of checking the vibes of the U.S. consumer.

Related Episodes:
How do you measure inflation?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.