U Mich June final consumer sentiment 98.2 vs 97.9 prelim

Author: Adam Button | Category: News

Final University of Michigan consumer sentiment data

  • Initial reading was 97.9
  • May final was 100.0
  • Current conditions 111.9 vs 112.5 initially
  • Expectations 89.3 vs 88.6 initially
  • 1-year inflation 2.7% vs 2.6 initially
  • 5-10 year inflation 2.3% vs 2.2% initially
The uptick in inflation expectations will take a tiny bit of pressure of the Federal Reserve to cut rates.

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