US January prelim U Mich consumer sentiment 94.4 vs 97.0 expected
Consumer sentiment data from the University of Michigan
- Prior was 95.9
- Current conditions 109.2 vs 113.8 prior
- Expectations 84.8 vs 84.3 prior
- One-year inflation 2.8% vs 2.7% prior
- 5-10 year inflation 2.5% vs 2.4%
This was the first look at January sentiment. It was on the disappointing side, especially given the rally in stocks, but the dollar got some good news from the inflation expectations numbers. And that's something the Fed is watching closely.