The University of Michigan released preliminary Feb 2023 survey results for consumer sentiment earlier today. The sentiment increased from 64.9 in January to 66.4 February, the highest since January 2022. Year-ahead inflation expectations rebounded to 4.2% this month, from 3.9% in January and 4.4% in December. Long-run inflation expectations remained at 2.9% for the third straight month and stayed within the narrow 2.9-3.1% range for 18 of the last 19 months.
2/10/2023: Consumer Sentiment is at 13-Month High
2/10/2023: Consumer Sentiment is at 13-Month…
2/10/2023: Consumer Sentiment is at 13-Month High
The University of Michigan released preliminary Feb 2023 survey results for consumer sentiment earlier today. The sentiment increased from 64.9 in January to 66.4 February, the highest since January 2022. Year-ahead inflation expectations rebounded to 4.2% this month, from 3.9% in January and 4.4% in December. Long-run inflation expectations remained at 2.9% for the third straight month and stayed within the narrow 2.9-3.1% range for 18 of the last 19 months.