The University of Michigan data, the most important economic report on today’s agenda, has just been released. Preliminary June data were above expectations as the main index, consumer confidence, rose to 86.4 from 82.9 in May. It is also noteworthy that 1-year inflation expectations – currently a key indicator for the markets – have fallen from 4.6% to 4.0%.
June consumer confidence: 86.4
- Expectation: 83.5
- Before value: 82.9
Other key indices were as follows:
- Current conditions: 90.6 (vs. expected: 92.3)
- Consumer expectations: 83.8 (vs. expected: 79.0)
- 1-year inflation expectations: 4.0% (vs. expected: 4.6%)
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