UMich sentiment
- Prior was 68.9
- Current conditions 64.9 vs 62.7 prelim
- Expectations 74.1 vs 72.9 prelim
- 1-year inflation 2.7% vs 2.9% prelim
- 5-year inflation 3.0% vs 3.0% prelim
Expect a big swing shortly in the sentiment of about half of Americans.
In the aftermath of this report, US equities are at the best levels of the day with the S&P 500 up 49 points, or 0.8%.