University Michigan Sentiment Prelim: 50.8 (Forecast 53.4, Previous 52.2); second lowest on record.
- Expectations Prelim: 46.5 (Forecast 48.6, Previous 47.3)
- Current condition Prelim: 57.6 (Forecast 59.9, Previous 59.8)
University Michigan 1 Yr Inflation Expectations Prelim: 7.3% (Forecast 6.5%, Previous 6.5%
- 5 Yr Inflation Expectations Prelim: 4.6% (Forecast 4.4%, Previous 4.4%)
Wall Street almost ignored 'very bad' University of Michigan prelim report, suggesting rising both long-term and short-term inflation expectations, with unexpected weakness across the expectations, current condition and sentiments indices.
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth
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