The Michigan preliminary consumer sentiment for July will be released at the top of the hour. Expectations show:
- consumer sentiment 65.5 versus 64.4 last month
- conditions at 70.4 versus 69.0 last month
- expectations 61.8 versus 61.5 last month
The inflation last month:
- 1-year inflation expectations of 3.3%
- 5-year inflation expectations of 3.0%
The one-year inflation expectations in May were at 4.2%. The decline was significant. For the 5-year inflation next, it moved modestly lower from 3.10% to 3.0% last month
