16:00 - The University of Michigan Consumer Sentiment Index for September
- Current conditions: 61.2 (forecast 61.3; previous 61.7)
- Expectations: 55.9 (forecast 57.5; previous 57.2)
- 1-year inflation: 4.8% (forecast 4.8%; previous 4.8%)
- 5-year inflation: 3.9% (forecast 3.4%; previous 3.5%)
The University of Michigan Consumer Sentiment Index for August was 55.4 points – slightly below expectations and the previous reading. The assessment of the current situation almost matched the forecast but was lower than the previous month. Meanwhile, the expectations component fell significantly below both the forecast and the previous level. One-year inflation expectations remained unchanged, but five-year expectations rose above forecasts, which may raise concerns about the persistence of price pressures.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Weaker than expected consumer sentiment and a poorer expectations component may signal caution in spending and the risk of weaker demand in the economy. At the same time, higher long-term inflation expectations may support the Federal Reserve's hawkish tone and limit hopes for quick interest rate cuts, which could be neutral to negative for the stock market while supporting the dollar and bond yields. Overall signals for the market are mixed.
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.
