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.
University of Michigan summary
BREAKING: Mixed PMI from US
Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?
Economic Calendar - Will Weak Asian PMIs Point to Weakness in Europe and the US?
URGENT: Hawkish FOMC minutes fail to halt market gains
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
