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U.Mich Inflation Expectations Revised Higher In Final August Release

US DATA
  • 1Y inflation expectations: 3.5% (prelim 3.3%) after 3.4%, highest since May.
  • 5-10Y inflation expectations: 3.0% (prelim 2.9%) after 3.0%. It keeps to the 2.9-3.1% range seen in all but one month since Aug’21.
  • The higher inflation expectations chip into consumer sentiment, revised down from 71.2 to 69.5. Despite that, sentiment reached its second highest reading in 21 months and is now about 39% above the all-time historic low reached in June of 2022.

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