UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected

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UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected

<ul><li><a href="https://www.forexlive.com/news/michigan-consumer-sentiment-final-for-december-597-versus-591-preliminary-20221223/" target="_blank" rel="follow">Prior </a>was 59.7</li><li>Current conditions 68.6 vs 60.0 expected (prior 59.4)</li><li>Expectations 62.0 vs 59.5 expected (prior was 59.9)</li><li>One-year inflation expectations 4.0% vs 4.4% prior</li><li>5-year inflation expectations 3.0% vs 2.9% prior</li></ul><p>This survey is nothing more than a barometer of political sentiment and gasoline prices. That said, the Fed watches the inflation number closely and it was a contribution to the sudden switch to more-aggressive hiking in June (which is funny because it was later revised down).</p><p>The one-year number will certainly be welcome while the 5-year number is back to where it was for months.</p>

                This article was written by Adam Button at www.forexlive.com.

Source: UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected

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