Economic Buzz: US one year inflation expectations ease

The University of Michigan consumer sentiment index edged up from 49.5 in June to 55.2, although it still remains 10.5% below where it was a year ago. The UoM US inflation expectations eased to 4.2% for year-ahead annual rates, from 4.6% in June. However, this is still well above the February reading of 3.4%, prior to the US attacks on Iran.

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