Technical Analysis

UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected

This survey is nothing more than a barometer of political sentiment and gasoline prices. That said, the Fed watches the inflation number closely and it was a contribution to the sudden switch to more-aggressive hiking in June (which is funny because it was later revised down).

The one-year number will certainly be welcome while the 5-year number is back to where it was for months.

Five year inflation expectations

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