UoM 5-year Consumer Inflation Expectation

The University of Michigan's Survey of Consumers includes a long-run, five-year, inflation expectation component that the Fed uses when calculating its quarterly Index of Common Inflation Expectations.

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Most recent - Friday 15 September 2023 14:00

Forecast

Actual

2.7%

Next event - Friday 29 September 2023 14:00

2.7%

Forecast

2.7%

Actual

The typical/expected impact on USD pairs is medium.

The consensus forecast for UoM 5-year Consumer Inflation Expectation is 2.7%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for UoM 5-year Consumer Inflation Expectation was 2.7%.

Past events

Date

Forecast

Actual

Friday 15 September 2023 14:00

2.7%

Friday 25 August 2023 14:00

2.9%

Friday 11 August 2023 14:00

2.9%

Friday 28 July 2023 14:00

3.1%

Friday 14 July 2023 14:00

3.1%

Friday 30 June 2023 14:00

Friday 16 June 2023 14:00

3.1%

Friday 26 May 2023 14:00

3.1%

Friday 12 May 2023 14:00

3.2%

Friday 28 April 2023 14:00

Friday 14 April 2023 14:00

2.9%

Friday 31 March 2023 14:00

2.9%

Friday 17 March 2023 14:00

2.8%

Friday 24 February 2023 15:00

2.9%

Friday 10 February 2023 15:00

2.9%

Friday 27 January 2023 15:00

2.9%

Friday 13 January 2023 15:00

Friday 23 December 2022 15:00

2.9%

Friday 9 December 2022 15:00

Wednesday 23 November 2022 15:00

Friday 11 November 2022 15:00

Friday 28 October 2022 14:00

2.9%

Friday 14 October 2022 14:00

2.9%

Friday 30 September 2022 14:00

2.7%

Friday 16 September 2022 14:00

2.8%

Friday 26 August 2022 14:00

2.9%

Friday 12 August 2022 14:00

Friday 29 July 2022 14:00

2.9%

Friday 15 July 2022 14:00

2.8%

Friday 24 June 2022 14:00

3.1%

Friday 10 June 2022 14:00

3.3%

Friday 27 May 2022 14:00

Friday 13 May 2022 14:00

Friday 29 April 2022 14:00

Thursday 14 April 2022 14:00

Friday 25 March 2022 14:00

Friday 11 March 2022 15:00

Friday 25 February 2022 15:00

Friday 11 February 2022 15:00

3.1%

Friday 28 January 2022 15:00

3.1%

Friday 14 January 2022 15:00

3.1%

Thursday 23 December 2021 15:00

2.9%

Friday 10 December 2021 15:00

Wednesday 24 November 2021 15:00

Friday 12 November 2021 15:00

2.9%

Friday 29 October 2021 14:00

2.9%

Friday 15 October 2021 14:00

2.8%

Friday 1 October 2021 14:00

Friday 17 September 2021 14:00

2.9%

Friday 27 August 2021 14:00

2.9%

Friday 13 August 2021 14:00

Friday 30 July 2021 14:00

2.8%

Friday 16 July 2021 14:00

2.9%

Friday 25 June 2021 14:00

2.8%

Friday 11 June 2021 14:00

2.8%

Friday 28 May 2021 14:00

Friday 14 May 2021 14:00

3.1%

Friday 30 April 2021 14:00

2.7%

Friday 16 April 2021 14:00

2.7%

Friday 26 March 2021 14:00

2.7%

Friday 12 March 2021 15:00

2.7%

Friday 26 February 2021 15:00

2.7%

Friday 12 February 2021 15:00

2.7%

Friday 29 January 2021 15:00

2.7%

Friday 15 January 2021 15:00

2.7%

Wednesday 23 December 2020 15:00

2.5%

Friday 11 December 2020 15:00

2.5%

Wednesday 25 November 2020 15:00

2.5%

Friday 13 November 2020 15:00

2.6%

Friday 30 October 2020 14:00

2.4%

Friday 16 October 2020 14:00

2.4%

Friday 2 October 2020 14:00

2.7%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next UoM 5-year Consumer Inflation Expectation result:

		Previous	Latest
Core Personal Consumption Expenditures (QoQ)	(no change)	3.7%	3.7%
Gross Domestic Product Annualized	(no change)	2.1%	2.1%
Gross Domestic Product Price Index	Bearish change	2%	1.7%
Initial Jobless Claims	Bearish change	202K	204K
Personal Consumption Expenditures Prices (QoQ)	(no change)	2.5%	2.5%
Durable Goods Orders	Bullish change	-5.6%	0.2%
Durable Goods Orders ex Defense	Bullish change	-6%	-0.7%
Durable Goods Orders ex Transportation	Bullish change	0.1%	0.4%
Nondefense Capital Goods Orders ex Aircraft	Bullish change	-0.4%	0.9%
New Home Sales Change (MoM)	Bearish change	8%	-8.7%
Housing Price Index (MoM)	Bullish change	0.4%	0.8%
S&P Global Composite PMI	Bearish change	50.2	50.1
S&P Global Manufacturing PMI	Bullish change	47.9	48.9
S&P Global Services PMI	Bearish change	50.5	50.2
Existing Home Sales Change (MoM)	Bullish change	-2.2%	-0.7%
Initial Jobless Claims	Bullish change	221K	201K
Philadelphia Fed Manufacturing Survey	Bearish change	12	-13.5
Fed Interest Rate Decision	(no change)	5.5%	5.5%
Interest Rate Projections - 1st year	Bullish change	4.6%	5.1%
Interest Rate Projections - 2nd year	Bullish change	3.4%	3.9%
Interest Rate Projections - 3rd year	Bearish change	3.1%	2.9%
Interest Rate Projections - Current	(no change)	5.6%	5.6%
Interest Rate Projections - Longer	(no change)	2.5%	2.5%
Building Permits (MoM)	Bullish change	1.443M	1.543M
Housing Starts (MoM)	Bearish change	1.447M	1.283M
Michigan Consumer Sentiment Index	Bearish change	69.5	67.7
Industrial Production (MoM)	Bearish change	0.7%	0.4%
NY Empire State Manufacturing Index	Bullish change	-19	1.9

About UoM 5-year Consumer Inflation Expectation

Country:	United States
Currency:	USD
Source:	University of Michigan
Category:	Consumption
Frequency:	Monthly

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	United Kingdom		Retail Sales (YoY)
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	United States		Core Personal Consumption Expenditures (QoQ)
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Calendar - UoM 5-year Consumer Inflation Expectation - United States

UoM 5-year Consumer Inflation Expectation

Most recent - Friday 15 September 2023 14:00

Next event - Friday 29 September 2023 14:00

Trading range

Trading range after each UoM 5-year Consumer Inflation Expectation event

Forecast history

Past events

Economic context

About UoM 5-year Consumer Inflation Expectation

Related events