US January UMich prelim consumer sentiment 78.8 vs 70.0 expected

Prior was 69.7Current conditions 83.3 vs 73.3 priorExpectations 75.9 vs 66.4 priorOne -year inflation 2.9% vs 3.1% priorFive-year inflation 2.8% vs 2.9% priorI have no love for this survey but it's still a market mover. The US dollar is ignoring the headlines (which are still way below pre-pandemic norms) but is focused on the inflation numbers, which are now below 2020 levels. The Fed watches the inflation expectations survey and it corresponds with other surveys.It's a political survey: This article was written by Adam Button at www.forexlive.com.

Jan 19, 2024 - 21:45
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US January UMich prelim consumer sentiment 78.8 vs 70.0 expected
  • Prior was 69.7
  • Current conditions 83.3 vs 73.3 prior
  • Expectations 75.9 vs 66.4 prior
  • One -year inflation 2.9% vs 3.1% prior
  • Five-year inflation 2.8% vs 2.9% prior

I have no love for this survey but it's still a market mover. The US dollar is ignoring the headlines (which are still way below pre-pandemic norms) but is focused on the inflation numbers, which are now below 2020 levels. The Fed watches the inflation expectations survey and it corresponds with other surveys.

It's a political survey: This article was written by Adam Button at www.forexlive.com.

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