US consumer sentiment has been optimistic so far while consumers remain cognizant of tariff hikes by the US and its trading partners, according to analysts at Nomura.
“In the final University of Michigan survey for September, the headline sentiment index rose to 100.1 from 96.2, previously. Consumers’ sanguine outlook was likely supported by steady income gains and solid improvements in the labor market.”
“The median 12-month ahead inflation expectations fell to 2.7% in September from 3.0% last month, possibly reflecting some stabilization in gasoline prices. Median inflation expectations over the next 5-10 years fell to 2.5% vs. 2.6% last month. These readings are still within a steady range and we expect them to remain stable.”
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