US Consumer Sentiment and Inflation Expectations Update

The University of Michigan's May consumer sentiment index fell to a historical low of 44.8, while 5-10 year inflation expectations surged to 3.9%. High prices remain the primary driver of eroding consumer confidence.

Key Takeaways

• 1.The University of Michigan's consumer sentiment index for May reached its lowest level in history at 44.8.
• 2.Inflation expectations for both the 1-year and 5-10 year horizons were revised significantly higher than previously forecast.
• 3.A majority of consumers (57%) specifically cite high prices as a factor eroding their personal financial situation.

Table of Contents

• BOTTOM LINE
• US MAP
• KEY NUMBERS
• MAIN POINTS
• Disclosure Appendix
• Reg AC
• Disclosures
• Global product; distributing entities
• General disclosures
• Differing Levels of Service provided by Global Investment Research

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