Consumer sentiment data from the University of Michigan

  • Prelim was 86.4
  • Prior was 82.9
  • Current conditions 88.6 vs 91.4 exp (90.6 prelim)
  • Expectations 83.5 vs 83.8 exp (83.8 prelim)
  • 1-year inflation 4.2% vs 4.1% exp (4.0% prelim)
  • 5-10 year inflation 2.8% vs 3.8% prelim

The revision lower in the current conditions metric is the surprise here as consumers cool their enthusiasm as the reopening continues.

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