US Sept prelim UMich consumer sentiment 67.7 vs 69.1 expected

<ul><li>Prior was 69.5</li><li>Current conditions 69.8 vs 75.3 expected (75.7 prior)</li><li>Expectations 66.3 vs 66.0 expected (65.5 prior)</li><li>1-year inflation 3.1% vs 3.5% prior</li><li>5-10 year 2.7% vs 3.0% prior</li></ul><p>This survey is tied to gasoline prices so I'm not surprised the headline missed. I'm not sure why economists get that wrong so often.</p><p>Meanwhile, the drop in inflation expectations is good news. The Fed got burned last year by following this metric too closely but there is a clear trend here.</p>

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