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July final UMich US consumer sentiment 69.5 vs 71.2 expected

Prelim was 71.2Prior was 71.6Current conditions 75.7 vs 77.4 prelim (76.6 prior)Expectations 65.5 vs 67.3 prelim (68.3 prior)1-year inflation 3.5% vs 3.3% prelim (3.4% prior)5-10 year inflation 3.0% vs 2.9% prelim (3.0% prior)I don't put much stock in this indicator as it measures mostly political sentiment and gas prices. I'm not surprised it ticked lower as gasoline prices rose and that also likely factored into the rise in 1-year inflation expectations. Fed officials pay attention to this... Read More

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Content Topics

July

Final

Umich

Consumer

Sentiment

69

71 Expected

Forex

Posted: Aug 25 2023, 14:00

Author Name: forexlive

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