- Remaining December studying was 53.3
- 1-year inflation 4.2% vs 4.1% prior
- 5 12 months inflation 3.4% vs 3.2% prior
- Present circumstances 52.4 vs 50.7 prior
- Expectations 55.0 vs 54.6 prior
UMich prelim Dec
This is not an excellent financial indicator as solutions are more and more politicized and the inflation numbers are unstable. There was a time when this was tier-2 financial information nevertheless it’s been slowly downgraded. It is ultimate second within the solar was in covid when a bounce in inflation expectations triggered a panicky Fed to tilt in the direction of deeper price hikes. That bounce was later revised away in an embarrassing second for the Powell Fed.
As for this report, it corresponds with a greater temper from shoppers. Spending over the vacations was stable, although not spectacular.
