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UoM's data pack implies higher inflation expectations!

3:13 PM 14 July 2023

Michigan's data surprises in two ways. We are seeing a sizable improvement in sentiment; nevertheless, the market also sees a greater chance that higher inflation will stay with us for longer.

US Uni. Of Michigan Sentiment Jul P: 72.6 (est 65.5; prev 64.4)

- Current Conditions Jul P: 77.5 (est 70.5; prev 69.0)

- Expectations Jul P: 69.4 (est 62.0; prev 61.5)

- 1 Yr Inflation Jul P: 3.4% (est 3.1%; prev 3.3%)

- 5-10 Yr Inflation Jul P: 3.1% (est 3.0%; prev 3.0%)

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