University of Michigan Consumer Sentiment
University of Michigan Consumer Sentiment
  • Prior was 52.2
  • Current conditions 57.6 vs 59.6 expected
  • Expectations 46.5 vs 48.0 expected
  • 1-year inflation 7.3% vs 6.5% prior
  • 5-year inflation 4.6% vs 4.4% prior

This is a poor reading. I would have expected to see some recovery after Trump reversed the Liberation Day tariffs but that didn't show up in this round. The pause in China tariffs should be a tailwind in the month ahead.

Source: Forex Live