US Consumer Confidence
- Prior was 61.3
- Prior was 74.0 vs 68.5 expected
- Current conditions 74.0 vs 68.5 expected
- Expectations 66.4 vs 57.0 expected
- One -year inflation 3.1% vs 4.5% prior
- Five-year inflation 2.8% vs 3.2% prior
One year inflation
This is a dream report. It's like a magic landing where the economy stays hot and inflation falls below 2% anyway. It would leave the Fed with 500 bps of ammunition despite inflation being on target. They'd have to re-write economic textbooks.
