Final UoM sentiments slightly higher, inflation expectations drop 📊Chicago PMI slightly stronger

Final University of Michigan US consumer sentiments came in 67.9 (Forecast 68.1, Previous 67.8)

• Expectations: 72.1 (Forecast 72.4, Previous 72.1)
• Current conditions: 61.3 (Forecast 61.2, Previous 60.9)

University of Michigan 1-year expected inflation falls to 2.8%, the lowest since 2020

• University of Michigan 5-year: 3% (Forecast 3%, Previous 3.0%)

Chicago PMI: 46.1 vs 44.8 exp. and 45.3 previously