US August UMich final consumer sentiment 67.9 vs 68.0 expected ...Middle East

Prelim was 67.8Prior was 66.4Current conditions 61.3 vs 60.9 prelim (62.7 prior)Expectations 72.1 vs 72.1 prelim (68.8 prior)1-year inflation 2.8% vs 2.9% prelim5-year inflation 3.0% vs 3.0% prelimComments from survey director Joanne Hsu: Consumer sentiment confirmed its early-month reading; after drifting down for four months, sentiment inched up 1.5 index points above July and is currently 36% above the all-time historic low from June 2022. Consumers’ short- and long-run economic outlook improved, with both figures reaching their most favorable levels since April 2024 and a particularly sizable 10% improvement for long-run expectations that was seen across age and income groups

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