UMich September US prelim consumer sentiment 59.8 vs 59.0 expected | Forexlive

• Prior was 58.6
• Current conditions 65.3 vs 59.9 expected (prior 59.7)
• Expectations 56.2 vs 58.5 expected (prior was 58.0)
• 1-year inflation 5.1% vs 4.7% prior
• 5-10 year inflation 2.9% vs 2.7% prior

The headline is nice but expectations were soft and these inflation numbers are a problem.The Fed won’t like to see those hot inflation numbers but note that they are often revised in the final number.

The US dollar rallied on these numbers and equities sank.