University of Michigan preliminary sentiment for September 69.0 versus 68.5 estimate

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University of Michigan preliminary sentiment for September 69.0 versus 68.5 estimate

• Prior month 67.9
• University of Michigan consumer sentiment 69.0 versus 68.5 estimate.Best since May 2024
• Current conditions 62.9 versus 61.5 estimate. Last month 61.3. Best since June 2024
• expectations and 73.0 versus 71.0 estimate. Last month 72.1. Best since April 2024
• 1-yesr inflation expectations 2.7% versus 2.8% last month.
• 5- year inflation expectations 3.1% versus 3.0% last month

The final release will be announced in a few weeks.

The inflation expectations for 1 year is back within the middle of the pre-Covid up-and-down range which for the most part was between 2.3% in 3.4%.

                This article was written by Greg Michalowski at www.forexlive.com.

Source: University of Michigan preliminary sentiment for September 69.0 versus 68.5 estimate

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