The first look at February 2019 consumer sentiment from the University of Michigan
- Prior was 91.2
- Current conditions 110.0 vs 111.6 expected
- Prior conditions 108.8
- Expectations 86.2 vs 85.5 expected
- Prior expectations 79.9
- 1-year inflation 2.5% vs 2.7% prior
- 5-10 inflation expectations 2.3% vs 2.6% prior
That's a record low in 5-10 year inflation expectations. That's a development that might be notable to the Federal Reserve.
In the bigger picture, the strong numbers and the rebound in expectations is a better sign for the economy (and the US dollar).
