University of Michigan Sentiment for May:
- University of Michigan Final: 59.2, Forecast: 57.8 Previous: 63.5
Inflation expectations:
- 1-yr: 4,2% Forecast: 4,5% Previous: 4,5%
- 5-yr: 3,1% Forecast: 3.1% Previous: 3,2%
Long-term inflation expectations came in lower than last reading of 3.2%. Lower than expected inflation and lower consumer sentiments suggest mixed conditions for the stock market. Consumer sentiment came lower than previous reading but higher than expected.
Economic calendar: US PPI inflation and euro area GDP 📌
Morning wrap (13.05.2026)
BREAKING: U.S. CPI shows persistent inflation pressure! Dollar Strengthens After Data Release!
📉 EURUSD down 0.3% ahead of April’s inflation