University of Michigan Consumer Sentiment Jumps to 54.4, Beating Forecasts as Inflation Expectations Drop

businessmacroeconomics 8 posts · 5 accounts

University of Michigan preliminary data showed U.S. consumer sentiment rose to 54.4 in July, beating market estimates for a 51. The reading marks the index's largest monthly gain in more than a year.

One-year inflation expectations fell to 4.2% from a prior reading of 4.6%, surpassing forecasts for 4.4%. Five-to-10 year inflation expectations held steady at 3.3%, matching estimates.

From the sources (8 posts)

@financialjuice

UNIVERSITY MICHIGAN CONDITION PRELIM ACTUAL 54.9 (FORECAST 48.7, PREVIOUS 47.7) $MACRO

@financialjuice

UNIVERSITY MICHIGAN 1 YR INFLATION PRELIM ACTUAL 4.2% (FORECAST 4.4%, PREVIOUS 4.6%) $MACRO

@firstsquawk

U.S. UMICH 1-YEAR INFLATION EXPECTATIONS DROP TO 4.2% FROM 4.6%.

@zerohedge

UMich sentiment 54.4, Exp. 51.0, Last 49.5 1yr inflation expectations 4.2%, Exp. 4.4% 5-10yr inflation expectations 3.3%, Exp. 3.3%

@firstsquawk

U.S UMICH PRELIM JULY CONSUMER SENTIMENT RISES TO 54.4; EST. 51

@wallstengine

U. Mich consumer sentiment 54.4, Exp. 51 🇺🇸 1Yr inflation expectations 4.2%, Exp. 4.4% 🇺🇸5-10Yr inflation expectations 3.3%, Exp. 3.3%

@hedgeye

U.S. consumer sentiment posts its biggest gain in more than a year — UMich

@zerohedge

UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease

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