University of Michigan consumer sentiment final numbers to be released at 10 AM ET ...Middle East

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University of Michigan consumer sentiment final numbers to be released at 10 AM ET
Recall a week or so ago the preliminary Michigan sentiment data showed a surprise decline with higher inflation:consumer sentiment 67.4 versus 77.2 last monthexpectations 66.5 versus 76.0 last monthcurrent conditions 68.8 versus 79.0 last monthFor the inflation readings:1 year inflation expectations 3.5% versus 3.2% last month5-year inflation expectation 3.1% versus 3.0% last month.Overall the data was startling. However, it can be largely influenced by things like gasoline prices. This article was written by Greg Michalowski at www.forexlive.com.

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