Party Crasher

Those hoping for one more dovish surprise on the inflation front before the weekend were disappointed on Friday. Longer-term inflation expectations from the University of Michigan's consumer sentiment survey ticked higher in the preliminary read for August, touching 3% after receding last month. It was a bit of a party crasher. As most readers are acutely aware, a worrying uptick in 5-10 year expectations in the Michigan poll was in part responsible for the Fed's decision to upsize June's rate
Every story you need, no story you don't. Get the best daily market and macroeconomic commentary anywhere for less than $7 per month. Subscribe or log in to continue.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints