• Previous was 59.2
• Current Conditions 68.0 vs Expected 65.5 (Prev 64.9)
• Expected 61.3 vs Expected 56.5 (prev 55.4)
• One-year inflation 3.3% vs. 4.2% previously – lowest since March 2021
• 5-10 year inflation 3.0% vs. 3.1% previously

This is a four-month high for consumer sentiment, but I wouldn’t read too much into it because it’s nothing more than a barometer of political temperature. However, the decline in one-year inflation expectations is meaningful and shows that consumers are not seeing high inflation entrenched in the economy.