Highlights of the first look at July consumer sentiment

July US prelim consumer sentiment
  • Prior was 85.5
  • Current conditions 84.5 vs 91.4 exp (88.6 prior)
  • Expectations 78.4 vs 85.0 exp (83.5 prior)
  • 1-year inflation 4.8% vs 4.2% prior
  • 5-10 year inflation 2.9% vs 2.8% prior

This indicator is struggling to get anywhere near pre-pandemic levels.