UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease | Crypto Craft

  • UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease

    From zerohedge.com

    Having rebounded from record (46 year) lows in June, University of Michigan's preliminary July Sentiment survey was expected to show further improvement as gas prices fell since the US-Iran 'peace' MoU signing (before rising modestly in the last few days of the reignited conflict). And indeed it did, headline Consumer Sentiment jumped from 49.5 to 54.4 (51.0 exp) - its highest since February... chart "With the second straight month of 10% jumps," said UMich Dirctor of Surveys, Joanne Hsu, pointing out that "consumer sentiment climbed to its highest reading since February of this year on the basis of easing price ... (full story)

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Trader#74B5
6 hr ago
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I do not get it how the sentiment is improved when price go up almost on anything, tension in the middle east still are running high, with no pathway in the horizon for ending war in Iran which is main driver of high inflation number, though the latest US economic data shown a little improvement.
Credibility of US economic data are not guaranteed under this US administration. November, midterm election are coming and the administration is interested in good number coming in and economic data coming out. It is all about staying in power in order to escape responsibility for dire economic situation American people and almost every country is in.
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Blessed-man
5 hr ago
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Probably improve because of the prospect of ceasefire effects which brought down Fuel prices and had an impact on CPIs and PPIs
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