University of Michigan sentiment index to be reported at the top of the hour

The University of Michigan sentiment index will be released at the top of the hour:

• sentiment index expected at 61.4 versus 62.8 last month
• expectations index expected a 58.8 versus 59.4 last month
• current condition 66.0 versus 60.2 last month

The 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 readings last month came in with the one year at 4.9% while the five year was at 3.0%.

The report last month did not take into consideration the Russian invasion on Ukraine nor the spike higher in crude oil prices. Will be interested to see the impact on consumer sentiment from those events. However a larger than expected decline would not be all that surprising.