Well, to quote former Vice President Dan Quail.
Happy Campers. You are happy campers. You will
be a big rise in the University of Michigan's Consumer
Sentiment index goes to 63.9 from 59.2. The expectation
was it would just rise to 60. So a
big beat there current conditions at 68 much better than
the previous 64.9. And we get a big rise
in expectations. Now, that's kind of interesting 61.3
55.4. Now, uh these numbers are often influenced
by things like stock markets, jobs and gasoline prices
, all of which have been in the good news
camp lately. So perhaps Joanne can tell us about
that. But uh the inflation numbers are what are
really going to make the fed happy. Look at
this uh Michigan one year inflation 3.3%. It was
4.2% in their last survey. The 5 to 10
year inflation number comes in at 3% down from 3.1
, a huge drop in what people think is happening
with inflation. And the fed believes that expectations make
a difference. So uh this is all, uh
, good news for the fed and their soft landing
scenario. I'm not saying we're there yet but it
should make them happy as they go off for their 00:01:15.138 --> weekend.