Details of the June 2016 US Michigan consumer sentiment survey flash 10 June 2016
Prior 94.7
- Current conditions 111.7 vs 108.8 exp. Prior 109.9
- Expectations 83.2 vs 83.8 exp. Prior 84.9
- 1yr inflation expectations 2.4% vs 2.4% prior
- 5yr 2.3% vs 2.5% prior
The dip in the headline will be overshadowed by the higher current conditions. The drop in 5yr inflation expectations won't be such a worry to the Fed than if it happened in the 1 year number.
US consumers feeling chipper about current conditions
