University of Michigan Consumer Sentiment
- Prelim was 63.0
- Prior was 68.1
Details:
- Current conditions 70.6 vs 66.7 prelim (71.4 prior)
- Expectations 59.3 vs 60.7 prelim (66.0 prior)
- 1-year inflation 4.2% vs 3.8% prelim (3.2% prior)
- 5-10 year inflation 3.0% vs 3.0% prelim (2.8% prior)
The Fed might be concerned about that bump in inflation expectations but this survey has led them astray before.