US January UMich prelim consumer sentiment 78.8 vs 70.0 expected ...Middle East

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US January UMich prelim consumer sentiment 78.8 vs 70.0 expected
source : forex live ( Middle East ) () 11
Prior was 69.7Current conditions 83.3 vs 73.3 priorExpectations 75.9 vs 66.4 priorOne -year inflation 2.9% vs 3.1% priorFive-year inflation 2.8% vs 2.9% priorI have no love for this survey but it's still a market mover. The US dollar is ignoring the headlines (which are still way below pre-pandemic norms) but is focused on the inflation numbers, which are now below 2020 levels. The Fed watches the inflation expectations survey and it corresponds with other surveys. This article was written by Adam Button at www.forexlive.com.

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