University of Michigan consumer sentiment (preliminary) for May 67.4 versus 76.0 estimate ...Middle East

Prior month 77.2Consumer sentiment for May (preliminary) 67.4 versus 76.0 estimate. Prior month 77.2expectations 66.5 versus 75.0 expected. Prior month 76.0current conditions 68.8 versus 79.0 last month1-year inflation expectations 3.5% versus 3.2% last month. Highest since November 20235-year inflation expectations 3.1% versus 3.0% last monthA worrisome report in that inflation expectations rose while consumer sentiment moved lower. Gas prices and stock prices can be a major influence. The recent move lower in oil prices may not be accounted for in the report as a result. This article was written by Greg Michalowski at www.forexlive.com.

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Last updated : 10 May 2024 clock 05:04 PM

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University of Michigan consumer sentiment (preliminary) for May 67.4 versus 76.0 estimate ...Middle East

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