Univ of Michigan 1 year inflation expectations dips to 5%
The Univ. of Michigan prelim survey is expected at the top of the hour:
- Sentiment est 52.5 vs 51.5 last month
- Conditions 59.0 vs 58.1 last month
- Expectations 48.4 vs 47.3 last month
- 1 year inflation last month 5.2%
- 5 year inflation 2.9%
The market will be focused on the inflation expectations. Will the lower gas prices lead to less price worries?
US stocks remain higher on the day ahead of the report:
- Dow industrial average is up 156 points or 0.47%
- S&P index is up 24.5 points or 0.58%
- NASDAQ index is up 85 points or 0.67%