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UMich final January consumer sentiment 64.9 vs 64.6 expected
The final reading on January US consumer sentiment • 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 numbers are revised lower from the prelim and I wonder if there's some kind of sampling error there.
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UMich Inflation Expectations Plunge, Democrat Sentiment Sinks
The most important aspect of the University of Michigan sentiment survey continues to be the inflation expectations and it plunged to 3.90% (for the next year) - the lowest since April 2021. Consumer sentiment confirmed the preliminary January reading, remaining low from a historical perspective but continuing to lift for the second consecutive month, rising 9% above December and reaching about 3% below a year ago. While the short-run economic outlook was relatively unchanged from last month, all other components of the index increased in January. The current conditions index soared 15% above December, with improving ... (full story)