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US DATA: Consumer Inflation Expectations Tick Lower In December

US DATA

U.Mich consumer sentiment was unrevised in the final December release, confirming a further improvement to its highest since April whilst inflation expectations components surprised a touch lower with the long-term more firmly within recent ranges. 

  • U.Mich consumer sentiment was unrevised at 74.0 (cons 74.2, prelim 74.0) in December after 71.8 in November.
  • 1Y inflation expectations: 2.8% (cons, prelim 2.9) in December after 2.6% in November.
  • 5-10Y inflation expectations: 3.0% (cons, prelim 3.1) in December after 3.2% in November. That 3.2% in Nov was a rare push above its typical 2.9-3.1% range, having last seen 3.2% or higher in Nov’23 and before that Mar 2011. 
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U.Mich consumer sentiment was unrevised in the final December release, confirming a further improvement to its highest since April whilst inflation expectations components surprised a touch lower with the long-term more firmly within recent ranges. 

  • U.Mich consumer sentiment was unrevised at 74.0 (cons 74.2, prelim 74.0) in December after 71.8 in November.
  • 1Y inflation expectations: 2.8% (cons, prelim 2.9) in December after 2.6% in November.
  • 5-10Y inflation expectations: 3.0% (cons, prelim 3.1) in December after 3.2% in November. That 3.2% in Nov was a rare push above its typical 2.9-3.1% range, having last seen 3.2% or higher in Nov’23 and before that Mar 2011. 
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