- The UoM Consumer Sentiment preliminary November reading improved from 70.5 to 73.0, a 3.5% increase. Survey Director Joanne Hsu revealed that, “While current conditions were little changed, the expectations index surged across all dimensions, reaching its highest reading since July 2021.”
- Inflation expectations for one-year dipped from 2.7% to 2.6%. For a five-year period, they inched up from 3.0% to 3.1%.
- Data from the Chicago Board of Trade, via the December fed funds rate futures contract, shows investors estimate 24.5 bps of Fed easing by the end of the year.
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