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US Sept prelim UMich consumer sentiment 67.7 vs 69.1 expected

Prior was 69.5Current conditions 69.8 vs 75.3 expected (75.7 prior)Expectations 66.3 vs 66.0 expected (65.5 prior)1-year inflation 3.1% vs 3.5% prior5-10 year 2.7% vs 3.0% priorThis survey is tied to gasoline prices so I'm not surprised the headline missed. I'm not sure why economists get that wrong so often.Meanwhile, the drop in inflation expectations is good news. The Fed got burned last year by following this metric too closely but there is a clear trend here. This articl... Read More

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Content Topics

Sept

Prelim

Umich

Consumer

Sentiment

67

69 Expected

Forex

Posted: Sep 15 2023, 14:00

Author Name: forexlive

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