US January UMich prelim consumer sentiment 78.8 vs 70.0 expected

<ul><li><a href="https://www.forexlive.com/news/us-december-umich-consumer-sentiment-694-vs-620-expected-20231208/" target="_blank" rel="follow">Prior </a>was 69.7</li><li>Current conditions 83.3 vs 73.3 prior</li><li>Expectations 75.9 vs 66.4 prior</li><li>One -year inflation 2.9% vs 3.1% prior</li><li>Five-year inflation 2.8% vs 2.9% prior</li></ul><p>I have no love for this survey but it's still a market mover. The US dollar is ignoring the headlines (which are still way below pre-pandemic norms) but is focused on the inflation numbers, which are now below 2020 levels. The Fed watches the inflation expectations survey and it corresponds with other surveys.</p><p>It's a political survey:</p>

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