Last month sentiment was at 51.5 • University of Michigan sentiment index 58.2 versus 55.1 preliminary • The final report from July was 51.5 • Current conditions 58.6 versus 55.5 preliminary and 58.1 last month • expectations 58.0 versus 54.9 preliminaary and 47.3 last month • inflation one year 4.8% versus 5.0% preliminary and 5.2% last month • inflation five year 2.9% versus 3.0% preliminary and 2.9% last month The final data was more upbeat vs the preliminary data across the board and inflation was lower. Good news. The preliminary data takes the respondents at the time, The final is the rest. It seems that the ... (full story)

While sentiment should be front-and-center (dragging near record lows), thanks to Fed Chair Powell's previous comments, all everyone wants to know is what University of Michigan survey respondents think will happen to inflation. UMICH inflation expectations eased more intra-month from +5.2% in July to +5.0% flash August to +4.8% final August. As a reminder, this is the final print for August (after the preliminary data showed a small uptick from record lows). Away from that component, UMICH headline sentiment was expected to modestly increase in the final print from the flash print and it did with the headline ... (full story)