BREAKING: UoM sentiment and inflation expectations higher than expected

The UoM index rises to 59.8 points against expectations of 58.8 points and the previous level of 58.6 points.

Inflation expectations, however, are growing strongly. 1-year expectations rose to 5.1% with expectations falling to 4.6% from 4.7%.

Long-term expectations rise to 2.9% from 2.7% on expectations of 2.8%.

Pro-dollar data and further weaken the situation on Wall Street. The Nasdaq is already losing 1%.

Source: Bloomberg via ZeroHedge

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