BREAKING: UoM sentiments slightly stronger. US Inflation expectations higher than expected 📊

4:00 PM 22 November 2023

University of Michigan consumer sentiments came in 61,3 vs 61 exp. and 60,04 in previously reading

Expectations conditions index: 56.9 vs 56.8 previously

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Conditions index: 68.3 vs 65.7 previously

US inflation expectations has been revised higher, signalled that Federal Reserve may still have some job to do.

1yr inflation expectations: 4.5% vs 4.4% exp. and 4.4% previously
5yr inflation expectation: 3.2% vs 3.1% exp. and 3.2% previously

US500 erases early gains after University of Michigan readings, testing 4560 pts levels.

Source: xStation5

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