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%)
BREAKING: German industrial production higher than expected 📌
Morning Wrap (08.12.2025)
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher