University of Michigan Consumer Sentiment
Happy Friday.
Or at least it would be if US consumers were in a better mood. UMich consumer sentiment has struggled to reach its pre-pandemic levels for years despite a robust economy with plenty of jobs.
Does that mean it’s a broken indicator that’s been polluted by politics (like everything)? Yes it absolutely does.
But will it move markets anyway: Yes again.
The consensus is 63.7 from 63.8 a month ago and it’s out at 10 am.
Mercilessly, the Fed calendar is limited to Bostic at 9 am ET.