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Minimal Revisions For Finalized U.Mich Consumer Survey For Dec

US DATA
Finalized U.Mich consumer inflation expectations for December were very close to their preliminary estimate, with only the 5-10Y revised up slightly but otherwise holding a step back for what has been a volatile few months for the survey. The latest readings are more in keeping with those from the NY Fed's consumer survey.
  • 1Y expectations: 3.1% vs 3.1% prelim from 4.5% in Nov
  • 5-10Y expectations: 2.9% vs 2.8% prelim from 3.2% in Nov (which had fleetingly marked highest since 2011)
  • Consumer sentiment: 69.7 vs 69.4 prelim from 61.3 in Nov

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