May U Mich prelim consumer sentiment 97.7 vs 97.0 expected

University of Michigan consumer sentiment
– The was 97.0
– Current conditions 112.7 vs 112.7 prior
– Expectations 88.1 vs 87.0 prior
– One-year inflation 2.6% vs 2.5% prior 
There isn’t much to take away there. Consumers remain optimistic but as today’s retail sales report showed, they’re not spending more.