US Prelim UoM Inflation Expectations
Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise;
There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact;
- US Prelim UoM Inflation Expectations Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Aug 16, 2024 | 2.9% | 2.9% | |
| Jul 12, 2024 | 2.9% | 3.0% | |
| Jun 14, 2024 | 3.3% | 3.3% | |
| May 10, 2024 | 3.5% | 3.2% | |
| Apr 12, 2024 | 3.1% | 2.9% | |
| Mar 15, 2024 | 3.0% | 3.0% | |
| Feb 16, 2024 | 3.0% | 2.9% | |
| Jan 19, 2024 | 2.9% | 3.1% |
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- US Prelim UoM Inflation Expectations News
From forexlive.com|Aug 16, 2024Consumer survey from the University of Michigan • July final was 71.6 • Current conditions 60.9 vs 76.6 prior • Expectations 72.1 vs 68.3 prior • 1-year inflation 2.9% vs 2.9% prior • 5-10 year inflation 3.0% vs 3.0% prior. • Overall, expectations strengthened for both personal finances and the five-year economic outlook (highest reading in four months). Yesterday's retail sales report was strong and Walmart executives repeatedly described a stable and resilient consumer so I have a hard time putting any weight on this survey, which ...
From bnnbloomberg.ca|Jul 12, 2024US consumer sentiment unexpectedly declined to the lowest level in eight months in early July as high prices continued to weigh on Americans' views of their finances and the economy. The sentiment index fell to 66 in July from 68.2, according to the preliminary reading from the University of Michigan. The median estimate in a Bloomberg survey of economists called for a slight increase to 68.5. Consumers' expectations for inflation over the next year fell for a second month, to 2.9%, data Friday showed. They saw costs rising at an ...
- From breakingthenews.net|Jul 12, 2024|1 comment
The Consumer Sentiment Index in the United States declined 3.2% in July compared to the month prior to stand at 66, a preliminary report released by the University of Michigan showed on Friday. The figure also tumbled by 7.7% on an annual level. The Current Economic Conditions Index fell 2.7% in the reported period compared to June and decreased by 16.2% from July 2023, amounting to 64.1 points. The Index of Consumer Expectations decreased by 3.4% on a monthly basis and by 1.6% on a yearly basis, coming in at 67.2. "Year-ahead ...
From youtube.com/cmegroup|Jun 14, 2024Gold has recovered from last week's lows to finish up over 1%. Bob Iaccino has more.
From forexlive.com|Jun 14, 2024|4 commentsThe June 2024 UMich June preliminary consumer sentiment reading • Prior was 67.4 • Current conditions 62.5 vs 68.8 prior • Expectations 67.6 vs 66.5 prior • 1-year inflation 3.3% vs 3.5% prior • 5-year inflation 3.1% vs 3.1% priorConsumer Sentiment Declined 5.1% to 65.6 in June Consumer sentiment declined 5.1% to 65.6 in June, according to preliminary results from the University of Michigan Survey of Consumers. This represents a 2.2% increase year over year. “Consumer sentiment was little changed in June; this month’s ...
From cnbc.com|May 10, 2024Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday. The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for the month, down from 77.2 in April and well off the Dow Jones consensus call for 76. The move represented a one-month decline of 12.7% but a year-over-year gain of 14.2%. Along with the downbeat sentiment measure, the outlook for inflation across the one- and ...
- From cnn.com|May 10, 2024|10 comments
Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. Additionally, consumers are bracing for even higher price increases in the year ahead compared to readings from prior months, the survey found. The gauge, which is closely tracked by the Biden administration, plunged 13% from April’s 77.2% reading to 67.4%. However, that’s still a better reading than last May, when inflation was running at 4%, versus the ...
From breakingthenews.net|Apr 12, 2024|5 commentsThe Consumer Sentiment Index in the United States declined 1.9% in April compared to the month prior to stand at 77.9, a report posted by the University of Michigan showed on Thursday. The figure surged 22.3% on an annual level. The Current Economic Conditions Index tumbled 3.9% in the reported period compared to February but rose 15.8% from April 2023, amounting to 82.5 points. The Index of Consumer Expectations dipped by 0.5% on a monthly basis but grew 27.1% on a yearly basis, coming in at 77. "Year-ahead inflation expectations ...
| Released on Aug 16, 2024 |
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| Released on Jul 12, 2024 |
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| Released on Jun 14, 2024 |
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| Released on May 10, 2024 |
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| Released on Apr 12, 2024 |
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