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U.Mich Inflation Expectations Extend/Hold Preliminary April Increase

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U.Mich inflation expectations were revised a little higher for the short-term but held onto their prior increase for the longer-term measures.

  • 1Y inflation: 3.2 in final April reading (prelim & cons 3.1) after 2.9
  • 5-10Y inflation: 3.0 in final April reading (prelim & cons 3.0) after 2.8
  • Consumer sentiment meanwhile dipped slightly from a first seen 77.9 to 77.2, extending the decline from 79.4 in March.
  • However, from the press release: "Consumer sentiment continued to plateau and was virtually unchanged for the third month in a row. Since January, sentiment has remained remarkably stable within a very narrow 2.5 index point range, well under the 4.8 points necessary for a statistically significant difference in readings."
  • "The long-run business outlook inched up to reach its highest reading since June 2021, while views of personal finances softened."
  • "Different parts of the population exhibited offsetting changes this month. Republicans posted notable declines in sentiment this month, whereas Democrats and Independents did not."
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U.Mich inflation expectations were revised a little higher for the short-term but held onto their prior increase for the longer-term measures.

  • 1Y inflation: 3.2 in final April reading (prelim & cons 3.1) after 2.9
  • 5-10Y inflation: 3.0 in final April reading (prelim & cons 3.0) after 2.8
  • Consumer sentiment meanwhile dipped slightly from a first seen 77.9 to 77.2, extending the decline from 79.4 in March.
  • However, from the press release: "Consumer sentiment continued to plateau and was virtually unchanged for the third month in a row. Since January, sentiment has remained remarkably stable within a very narrow 2.5 index point range, well under the 4.8 points necessary for a statistically significant difference in readings."
  • "The long-run business outlook inched up to reach its highest reading since June 2021, while views of personal finances softened."
  • "Different parts of the population exhibited offsetting changes this month. Republicans posted notable declines in sentiment this month, whereas Democrats and Independents did not."