US December UMich consumer sentiment 69.4 vs 62.0 expected

<ul><li><a href="https://www.forexlive.com/news/october-final-umich-us-consumer-sentiment-638-vs-630-expected-20231027/" target="_blank" rel="follow">Prior </a>was 61.3</li><li>Prior was 74.0 vs 68.5 expected</li><li>Current conditions 74.0 vs 68.5 expected</li><li>Expectations 66.4 vs 57.0 expected</li><li>One -year inflation 3.1% vs 4.5% prior</li><li>Five-year inflation 2.8% vs 3.2% prior</li></ul><p>This is a dream report. It's like a magic landing where the economy stays hot and inflation falls below 2% anyway. It would leave the Fed with 500 bps of ammunition despite inflation being on target. They'd have to re-write economic textbooks.</p>

This article was written by Adam Button at www.forexlive.com.