UMichigan Confidence Prints 66.6, Misses Expectations Of 70, Lowest Reading Since August 2009
And thus QE2 is right back on the table... Sigh. The prior print was 68.9, and it was hoped it would move higher to 70.0. No such luck as we get the lowest print since August 2009. And probably the scariest indicator: the outlook is at the lowest since March 2009.
- Expectations: 59.1 vs. Exp. 64.2 (Prev. 62.9)
- Conditions: 78.4 vs. Exp. 79.0 (Prev. 78.3)
- 5-year Inflation: 2.8% vs. Prev. 2.8%
- 1-year Inflation: 2.2% vs. Prev. 2.7%