University of Michigan (prelims) today came in weaker than expected with surprisingly rising inflation expectations. Prelims data seems not positive - especially for stock market valuations.
- US Consumer sentiments: 63 vs 67 exp. i 68,1 previously
- Current conditions: 66,7 vs 70,3exp vs 71,4 previously
- Expectations: 60,7 vs 65,7 exp i 66 previously
- 1-yr inflation expectations: 3,8% vs 3,2% exp i 3,2% previously
- 5-yr inflation expectations: 3% vs 2,8% exp i 2,8% previously
