December preliminary U Mich consumer sentiment 97.5 vs 97.0 expected

Author: Adam Button | Category: News

The first look at December 2018 US consumer sentiment

  • Prior was 97.5
  • Current conditions 115.2 vs 112.3 prior
  • Expectations 86.1 vs 88.1 prior
  • 1-year inflation 2.7% vs 2.8% prior
  • 5-10 year inflation 2.4% vs 2.6%
Another solid reading on consumer sentiment despite the drop in the stock market. The fall in inflation expectations shouldn't be a surprise considering the fall in gasoline prices. However it's important because those expectations feedback into everything and will be something the Fed notes.
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