This number is likely to overshadow the headline from the University of Michigan/Reuters consumer sentiment survey.
- The prior preliminary report was 2.6% but it was revised to 2.8% in the final report
- Five-year inflation expectations were 2.9%
- Prior 5-year inflation was 2.6%
This is bullish for the US dollar and will embolden the Fed hawks who are arguing for rate hikes.
