UMich September US prelim consumer sentiment 59.8 vs 59.0 expected

• Prior was 58.6
• Current conditions 65.3 vs 59.9 expected (prior 59.7)
• Expectations 56.2 vs 58.5 expected (prior was 58.0)
• 1-year inflation 5.1% vs 4.7% prior
• 5-10 year inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term 2.9% vs 2.7% prior

The headline is nice but expectations were soft and these inflation numbers are a problem.The Fed won't like to see those hot inflation numbers but note that they are often revised in the final number.

The US dollar rallied on these numbers and equities sank.