Final UMich consumer sentiment data for July 2023 • Prelim was 72.6 • Prior was 64.4 • Current conditions 76.6 vs 77.5 prelim (69.0 prior) • Expectations 68.3 vs 69.4 prelim (61.5 prior) • 1-year inflation 3.4% vs 3.4% prelim (3.3% prior) • 5-10 year inflation 3.0% vs 3.1% prelim (3.0% prior) This indicator has little use for traders, though it still moves market. It's a measure of gasoline prices and political sentiment, from where I stand. (full story)