Consumer sentiment data from the University of Michigan
– Prior was 96.3
– Current conditions 1144.5 vs 111.0 prior
– Expectations 86.7 vs 87.1 prior
– 1 year inflation 2.4% vs 2.7% prior
Those inflation numbers will get some attention but it might not be as worrisome as it seems. The measure had jumped to 2.7% from 2.2% in the past couple months, so it’s more of a sign of noise and a retracement than a big negative signal.
