03:00 PM BST, United States - University of Michigan inflation report for July:
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Michigan Current Conditions: actual 66.8; forecast 63.9; previous 64.8;
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Michigan Consumer Sentiment: actual 61.8; forecast 61.4; previous 60.7;
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Michigan Consumer Expectations: actual 58.6; forecast 55.0; previous 58.1;
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Michigan 5-Year Inflation Expectations: actual 3.6%; previous 4.0%;
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Michigan 1-Year Inflation Expectations: actual 4.4%; previous 5.0%;
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Create account Try a demo Download mobile app Download mobile appThe newest report from University of Michigan is well-alligned with the most recent boost in retail sales, not-so-tragic CPI reading and flat producer prices. EURUSD halted a series gains following data relsease, although USDIDX remains muted. The report seems to be positive for a stock market, making Fed rate cut earlier more probable. Long term inflation expectations fell significantly to 3.6% vs 4% in June reading.
Source: xStation5
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