US August prelim UMich consumer sentiment 67.8 vs 66.9 expected ...Middle East

July final was 66.4Current conditions 60.9 vs 62.7 priorExpectations 72.1 vs 68.8 prior1-year inflation 2.9% vs 2.9% prior5-10 year inflation 3.0% vs 3.0% priorOverall, expectations strengthened for both personal finances and the five-year economic outlook (highest reading in four months)Yesterday's retail sales report was strong and Walmart executives repeatedly described a stable and resilient consumer so I have a hard time putting any weight on this survey, which is more about politics and gasoline prices than consumer spending. Along those lines, the survey noted:With election developments dominating headlines this month, sentiment for Democrats climbed 6% in the wake of Harris

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US August prelim UMich consumer sentiment 67.8 vs 66.9 expected ...Middle East

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