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University of Michigan consumer sentiment for July 66.4 versus 66.0 estimate (and prelim)

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  • Previous month 68.2
  • Current status 62.7 vs. 64.1 initially and 65.9 last month.
  • Expectations: 68.8 vs. 67.2 initially and 69.6 last month
  • One-year inflation expectations: 2.9% vs. 2.9% initially and 3.0% last month.
  • 5-year inflation forecast 3.0% vs. 2.9% initially and 3.0% last month

Mix of details compared to the introduction.

  • Recruitment area morale is higher
  • Current conditions reduce the employment space.
  • Expectations are higher than initial expectations.

In an interesting study of consumer sentiment within the survey, those surveyed who owned the top third of stocks showed higher confidence, while those who did not own all stocks had a more negative view of consumer sentiment. This is not too surprising given the relative rise in U.S. stock markets over the past year and a half.

This article was written by Greg Michalowski on www.forexlive.com.

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