WS #12277
University of Michigan Consumer Sentiment for July beat consensus (54.4 vs 51.0), current conditions index surged to 54.9 vs 48.7, and 1-year inflation expectations fell to 4.2% from 4.6%, a positive macro signal.
Positive macro surprise: Michigan sentiment beats, inflation expectations fall
University of Michigan Consumer Sentiment for July beat consensus (54.4 vs 51.0), current conditions index surged to 54.9 vs 48.7, and 1-year inflation expectations fell to 4.2% from 4.6%, a positive macro signal.