BREAKING: Michigan Consumer Sentiment slightly below expectations

3:05 PM 16 September 2022

The University of Michigan consumer sentiment for the US rose to 59.5 in September from 58.2 in August, slightly below market forecasts of 60.0, preliminary estimates showed. Closely watched inflation expectations decreased compared to last month, mainly thanks to lower energy prices.

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Current conditions 58.9 vs 60.8 expected (prior 55.5)
Expectations 59.9 vs 59.7 expected (prior was 54.9)
1-year inflation 4.6% vs 5.0% prior
5-10 year inflation 2.8% vs 3.0% prior

EURUSD barely reacted to today's data release. The most popular currency pair continues to trade around 0.9975 level. Source: xStation5

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