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WTF Is UMich Doing With Its Inflation Expectations Data? - Conservative Angle
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US consumer sentiment unexpectedly deteriorated in August, according to data released today by the University of Michigan. The consumer sentiment index fell to 58.6 points from 61.7 points in July, well below analysts' expectations, which had forecast a rise to 62 points.
WTF Is UMich Doing With Its Inflation Expectations Data? - Conservative Angle
WTF Is UMich Doing With Its Inflation Expectations Data? US consumer sentiment tumbled from five month highs in preliminary August data, down (for the first time in four months) from 61.7 to 58.6 (62.0 exp) with both Current Conditions and Expectations declining... Source: Bloomberg "This deterioration largely stems from rising worries about inflation," according to UMich Director Joanne Hsu. "Current personal finances declined modestly amid g…
Consumers expect a price increase of 4,9 % per year over the next year, which would cancel out the previous month's improvement
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