03:00 PM BST, United States - University of Michigan inflation report for September:
- Michigan 1-Year Inflation Expectations: actual 2.7%; forecast 2.7%; previous 2.7%;
- Michigan 5-Year Inflation Expectations: actual 3.1%; forecast 3.1%; previous 3.1%;
- Michigan Current Conditions: actual 63.3; forecast 62.9; previous 62.9;
- Michigan Consumer Expectations: actual 74.4; forecast 73.0; previous 73.0;
- Michigan Consumer Sentiment: actual 70.1; forecast 69.0; previous 69.0;
Consumer sentiment saw a solid improvement in September, rising over 3% from August, with gains across all education levels and political affiliations. The expectations index, now 13% higher than a year ago, indicates growing optimism, particularly with a 6% jump in one-year business expectations. While sentiment is still below its historical average due to concerns over high prices, consumers recognize the ongoing slowdown in inflation. The improving outlook is tempered by uncertainty around the upcoming election, with an increasing number of consumers, especially across political parties, expecting a Harris presidency, though a majority of Republicans still foresee a Trump victory.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUniversity of Michigan summary
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
