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US UoM Consumer Sentiment Index improves to 61.8 in July vs. 61.5 expected
UoM Consumer Sentiment Index rose more than expected in July's flash estimate. US Dollar Index extends its daily slide toward 98.00. Consumer confidence in the United States (US) improved in July, with the University of Michigan's (UoM) preliminary Consumer Sentiment Index rising to 61.8 from 60.7 in June. This reading came in better than the market expectation of 61.5. The Current Conditions Index rose to 66.8 from 64.8 in this period, while the Consumer Expectations Index edged higher to 58.6 from 58.1. Other details of the survey showed that the 1-year Consumer Inflation Expectations declined to 4.4% from 5% in ... (full story)
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US consumer sentiment rises as inflation expectations improve
US consumer sentiment rose to a five-month high in early July as expectations about the economy and inflation continued to improve. The preliminary July sentiment index rose to 61.8 from 60.7 a month earlier, according to University of Michigan data released Friday. The figure still remains below levels seen throughout last year. Consumers expect prices to rise at an annual rate of 4.4% over the next year, down from 5% in the prior month and the lowest since February. They saw costs rising at an annual rate of 3.6% over the next five to 10 years, also the lowest in five months. At the same time, concerns about ... (full story)
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