Free Trial

U.Mich Consumer Survey Helps Soft Landing Case

US DATA
  • U.Mich consumer sentiment surprisingly bounced from 59.7 to 64.6 (cons 60.7) in the preliminary January report, hitting its highest since Apr’22. It was lifted by a particularly sharp increase in current conditions but also gains in expectations.
  • The improvement was consistent with 1Y ahead inflation expectation surprisingly slowing from 4.4% to 4.0% (cons 4.3%), its lowest since Apr’21. Declines are likely supported by recent sizeable declines in gasoline prices.
  • 5-10Y expectations meanwhile surprisingly increased a tenth to 3.0% “again staying within the narrow 2.9-3.1% range for 17 of the last 18 months”.
  • Still potential for revisions in the final release.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.