UoM Consumer Sentiment preliminary August 2026 released
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US Michigan Sentiment Falls to 51.0; Inflation Expectations Rise
University of Michigan consumer sentiment plunged to 51.0 in August, missing 55.0 estimate and falling from 55.2 prior, driven by weakness in current conditions (51.8 vs 54.8 est) and expectations (50.6 vs 55.2 est). One-year inflation rose to 4.3% versus 4.2% expected. USD weakness persists as market digests dovish Fed narrative; USD/JPY remains focal point amid intervention coordination.
https://x.com/LiveSquawk/status/2088264556736913671US Consumer Sentiment Crashes to 51.0, Missing Expectations Sharply
University of Michigan consumer sentiment index plummeted to 51.0 in August versus 55.0 forecast, down from 55.2, with both current conditions and expectations deteriorating significantly. One-year inflation expectations rose to 4.3%. USD weakness likely as weaker consumption signals slower growth, reinforcing Fed dovish pivot narrative; impacts USD pairs broadly.
https://x.com/FirstSquawk/status/2088264939723203031New to MyTradingLand?
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