University of Michigan Sentiment: 57,7 Forecast: 63 Previous: 63,5
University of Michigan Expectations: 53,4 Forecast: 60,8 Previous: 60,2
University of Michigan Conditions: 64,5 Forecast: 67,5 Previous: 68,2
Inflation expectations 1-yr: 4,5% Forecast: 4,4% Previous: 4,6%
Inflation expectations 5-yr: 3,2% Forecast: 2,9% Previous: 3,0%
Long-term inflation expectations came in highest since 2011. Higher than expected inflation and lower consumer sentiments suggest neggative conditions for the stock market. University of Michigan reading much below expectations suggest that 'recession fears' may be justified. At the same time higher inflation expectations support further, restrictive Fed policy.
Fed Chair Kevin Warsh’s Q&A from Congress Testimony: Inflation stability is a key
Dollar sells-off following first US price drop in six years
Warsh's Address to Congress: Zero Tolerance for Inflation, But No Change in Interest Rates?
BREAKING: US CPI data much lower than expected 📈 EURUSD gains