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US: January prelim UMich consumer sentiment 68.8 vs 70.0 expected
Prior was 70.6 • Expectations 65.9 vs 66.5 expected • Prior expectations were 68.3 • Current conditions 73.2 vs 73.3 expected • Prior current conditions were 74.2 • 1 year inflation 4.9% vs 4.8% prior • 5-10 year inflation 3.1% vs 2.9%
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MORE UMICH PRELIM JAN CONSUMER SENTIMENT FALLS TO SECOND LOWEST LEVEL IN A DECADE. ESCALATING INFLATION, DELTA AND OMICRON CITED #UMich #sentiment #economy
— Mace News (@MaceNewsMacro) January 14, 2022
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US: Consumer Sentiment falls to 68.8 in early January versus 70.0 expected, according to UoM
According to the University of Michigan's (UoM) preliminary January US Consumer Sentiment survey, the Consumer Sentiment Index fell to 68.8 in January from 70.6 in December, below expectations for a 70.0 reading. Meanwhile, UoM's Current Conditions Index fell to 73.2 from 74.2 in December, a tad below expectations for a drop to 73.3. The Consumer Expectations Index fell to 65.9 from 68.3 last month, also below expectations for 66.5. Finally, one-year inflation expectations according to the survey rose to 4.9%, this highest since 2008, and five-year inflation expectations rose to 3.1%, the highest since the early 90s. ... (full story)
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UMich Sentiment Slides In January As Inflation Expectations Hit 10-Year Highs
After a small bounce in December - from decade lows - University of Michigan Sentiment was expected to slip back lower in preliminary January survey data, and it did... more than expected. Both current conditions and expectations fell in the flash January data, dragging the headline print down from 70.6 to 68.8 (below the 70.0 expectations)... chart Current Conditions are the worst since September 2011. Interestingly, buying conditions for houses rebounded in early January but for vehicles it crashed to a record low... chart Finally, and perhaps most notably, inflation expectations rose significantly in January, ... (full story)
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From www2.census.gov|Jan 14, 2022Revisions to the Wholesale adjusted and not adjusted monthly estimates for sales and inventories are tentatively scheduled for release on March 24, 2022. Estimates will be revised ...
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From @LiveSquawk|Jan 14, 2022|3 commentstweet at 10:12am: Fed's Kashkari: Seeing Very High Inflation Right Now, Surprised By ‘How High And Persistent’
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From goldmoney.com|Jan 14, 2022Gold and silver rallied this week as inflation and rising interest rates became the talking point. From last Friday, gold rose $28 to trade at $1823 this morning in Europe, and ...
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- Posted: Jan 14, 2022 10:04am
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