UMich final January consumer sentiment 64.9 vs 64.6 expected
Prelim was 64.6 Prior was 59.7 Current conditions 68.4 vs 68.6 prelim Expectations 62.7 vs 62.0 prelim 1-year inflation 3.9% vs 4.0% prelim (4.4% prior) 5-10 year inflation 2.9 % vs 3.0% prelim (2.9% prior) These inflation numbers will be welcomed by the Fed and the market. We’ve seen a few times where the final […]
U.S. consumer sentiment strengthens in final January reading
The numbers: U.S. consumer sentiment improved in late January to 64.9, according to the University of Michigan’s gauge of consumer attitudes. This added 5.2 index points from 59.7 in December and was up from the initial January reading of 64.6. Economists surveyed by The Wall Street Journal had forecast an unchanged reading of 64.6. Key […]
UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected
This survey is nothing more than a barometer of political sentiment and gasoline prices. That said, the Fed watches the inflation number closely and it was a contribution to the sudden switch to more-aggressive hiking in June (which is funny because it was later revised down). The one-year number will certainly be welcome while the […]