UMich May prelim consumer sentiment 59.1 vs 64.0 expected

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UMich May prelim consumer sentiment 59.1 vs 64.0 expected

    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% priorConsumers' assessment of their current financial situation relative to a year ago is at its lowest reading since 2013Buying conditions for durables reached its lowest reading since the
question began appearing on the monthly surveys in 1978,  primarily
 due to high prices.


This survey is no longer an economic barometer, it's a political one. Trade on it at your peril.

Source: UMich May prelim consumer sentiment 59.1 vs 64.0 expected

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