US May Michigan Consumer Sentiment Index Preview: Markets Focus on Inflation, How Will US Stocks, Dollar, and Gold Markets React?
TradingKey - On May 22 (ET), the U.S. will release the University of Michigan Consumer Sentiment Index for May. Market expectations currently project the index to remain at 48.2, unchanged from the preliminary reading. While the indicator reflects consumer sentiment regarding the economy, income, and purchasing conditions, investors in the current market environment are focusing more on the 1-year and 5-year inflation expectations, as these will directly influence Fed policy expectations, U.S. Treasury yields, and the performance of the U.S. Dollar and gold.
TradingKeyFri, May 22