Current conditions 108.1 vs. 107.0 last
- Expectorations index 82.7 vs 82.0 last. Highest since June.
- 1 year inflation: 2.6% vs 2.7% last month
- 5-10 year inflation 2.6% vs 2.6% last month
Survey director says
- recent gains paced by current conditions
- Real income gains the highest since 2002
- Consumer expect rate of GDP growth slow
- Consumers don't see employment falling much more
- Diminished outlook hurting expectations index
- Fed needs to overcome disinflation psychology
- Without bigger wage gains, price discounts are needed
- Wage gains will lag so consumers will pull back
US stocks are rising today:
S&P is +14.11 to 2053.14 or 0.70%. All 10 S&P sectors are higher.
Nasdaq is up 31.9 ore 0.64%
Dow is up 100 points or 0.58%
Crude oil is up today to 37.06 or +2.55%. Inventory data is out at 10:30 AM ET
Crude oil inventories are expected to increase by 1200K vs 4801K last week
Gasoline inventories are expected to come in at 1300K vs 1731K last week.
2 year yield is up 1 BP to 0.981%
5-year yield is up 2 bp to 1.719%
10 year yield is up 3 bp to 2.264%
30 year yield is up 4 bp to 3.00%
