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US August prelim UMich consumer sentiment 71.2 vs 71.0 expected

Prior was 71.6Current conditions 77.4 vs 76.9 expected (76.6 prior)Expectations 67.3 vs 68.1 expected (68.3 prior)1-year inflation 3.3% vs 3.4% prior5-10 year 2.9% vs 3.0% priorI don't have much use for this survey. It was pointing to a severe drop in consumer spending late last year and the consumer has been just fine. It basically measures gas prices and political sentiment. The inflation expectations number tripped up Powell last year as well before it was revised. This arti... Read More

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Content Topics

August

Prelim

Umich

Consumer

Sentiment

71 Expected

Forex

Posted: Aug 11 2023, 14:00

Author Name: forexlive

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