US consumer sentiment beats expectations

U Mich consumer sentiment
  • Prior was 72.3
  • Current conditions 87.8 vs 85.2 expected
  • Expectations 73.1 vs 69.0 expected
  • 1-year inflation expectations 3.0% vs 3.1% expected
  • 5-10 year inflation expectations 2.6% vs 2.7% expected

That's a solid beat but it's just one step towards digging out of a deep hole.