Highlights of the US consumer sentiment report from the University of Michigan/Reuters.

  • Prior was 93.6
  • Prior 1-year inflation 2.4% vs 2.8% prior
  • Prior 5-year inflation 2.8% vs 2.8% prior
  • Current conditions 108.3 vs 104.8 prior
  • Expectations 108.3 vs 86.4 Corrected to 91.6 vs 86.4 prior by RTRS

It’s the highest since Jan 2004 and a sign that economic optimism is surging as the jobs market strengthens and gas prices drop.

U Mich consumer sentiment

U Mich consumer sentiment