Updated on November 23, 2024, 1:07 JST (excerpt). The confirmed value of the index for November rose to 71.8, revised downward from the preliminary value - expected at 73.9. One-year inflation expectations are at the lowest level since 2020, rising to 3.2% in the 5-10 year period. The final value of the University of Michigan's Consumer Sentiment Index for November rose to the level last seen in April, but was revised downwards from the preliminary value. This reflects a serious difference of opinion between supporters of the Republican and Democratic parties regarding the direction of the economy under the upcoming Trump administration.
The November University of Michigan Consumer Sentiment Index (final value) is 71.8. Revised downwards from the preliminary value of 73.0. An increase of 1.3 points from the previous month's 70.5. The median of economist forecasts is 73.9.
One-year inflation expectations have decreased to 2.6%. Lowest level since 2020. Market financial estimates at 2.7%. The previous month was 2.7%.
Inflation expectations for the next 5-10 years have risen to 3.2%. High levels not seen since November 2023. Market estimates are at 3.1%. Last month was at 3%.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.