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  • UMich May prelim US consumer sentiment 59.1 vs 64.0 expected

    From forexlive.com

    Prior was 65.2 • Current conditions 63.6 vs 70.5 expected • Expectations 56.3 vs 63.0 expected • 1-year inflation expectations 5.4% vs 5.4% prior • 5-10 year inflation expectations 3.0% vs 3.0% prior • Consumers' assessment of their current financial situation relative to a year ago is at its lowest reading since 2013 • Buying conditions for durables reached its lowest reading since the question began appearing on the monthly surveys in 1978, primarily due to high prices.

Added at 10:08am

  • UMich Sentiment Slumps Back To 11 Year Lows As Inflation Fears Surge

    From zerohedge.com

    After April's modest bounce (off decade lows), UMich Sentiment Survey was expected to fall back a little... instead it puked to new cycle lows... The headline sentiment index plunged to 59.1 from 65.2 in April, its lowest since 2011. A gauge of current conditions dropped to 63.6, the lowest in 13 years, while a measure of future expectations declined 6.2 points, erasing most of April’s gains. These declines were broad based and visible across income, age, education, geography, and political affiliation--continuing the general downward trend in sentiment over the past year. Consumers' assessment of their current ... (full story)

Looks recessional.
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