{"id":441723,"date":"2026-11-06T22:40:15","date_gmt":"2026-11-06T15:40:15","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/november-us-umich-prelim-consumer-sentiment-51-0-vs-48-0-expected-441723\/"},"modified":"2026-11-06T22:40:15","modified_gmt":"2026-11-06T15:40:15","slug":"november-us-umich-prelim-consumer-sentiment-51-0-vs-48-0-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/november-us-umich-prelim-consumer-sentiment-51-0-vs-48-0-expected-441723\/","title":{"rendered":"November US UMich prelim consumer sentiment 51.0 vs 48.0 expected"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-october-umich-prelim-consumer-sentiment-vs-47-8-expected\/\" rel=\"follow\">Prior <\/a>was 46.3<\/li>\n<li>Current conditions vs 48.0 expected<\/li>\n<li>Expectations vs 49.5 expected<\/li>\n<li>One-year inflation vs 4.7% prior<\/li>\n<li>Five-year inflation vs 3.5% prior<\/li>\n<\/ul>\n<p dir=\"ltr\">The University of Michigan\u2019s Surveys of Consumers is one of the oldest measures of US household sentiment but it&#8217;s lost its lustre in financial markets due to readings that don&#8217;t correspond with spending. The preliminary reading is released at 10 am ET in the first half of each month, based on interviews conducted over the preceding weeks. A final reading incorporating the full sample follows near the end of the month. The preliminary figure sometimes draws a market reaction because it\u2019s the first look at the month.<\/p>\n<p dir=\"ltr\">The headline Index of Consumer Sentiment is built from questions about personal finances, business conditions and whether it\u2019s a good time to buy big-ticket items. It\u2019s indexed to 100 in early 1966. The survey splits into two sub-indexes, current economic conditions and consumer expectations. The expectations measure is a component of the Conference Board\u2019s Leading Economic Index.<\/p>\n<p dir=\"ltr\">Inflation expectations are lately the most market-sensitive part of the release. Respondents estimate price changes over the next year and over the next five to 10 years. The Federal Reserve watches the longer-run measure as a signal of whether inflation expectations remain anchored, and sharp moves can shift Treasury yields and rate pricing. Because the preliminary sample is smaller, these figures can be revised meaningfully in the final release.<\/p>\n<p dir=\"ltr\">The survey moved from telephone to online interviews in 2024, complicating comparisons with its long history. Responses have also become increasingly partisan, with sentiment swinging sharply depending on which party controls the White House.<\/p>\n<p dir=\"ltr\">Sentiment readings don\u2019t always match spending, and households often keep buying even when they say they\u2019re pessimistic. Still, the survey provides a timely read on how consumers are reacting to inflation, tariffs, gasoline prices, the job market and stock prices. I&#8217;d argue they were a good indicator of what was coming in the midterms, rather than what is\/was coming in the economy.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was 46.3 Current conditions vs 48.0 expected Expectations vs 49.5 expected One-year inflation vs 4.7% prior Five-year inflation vs 3.5% prior The University of Michigan\u2019s Surveys of Consumers is one of&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441723","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441723"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}