University of Michigan sentiment index for May to be released at the top of the hour

The University of Michigan consumer sentiment will be released at the top of the hour. The expectations are for:

• Consumer sentiment 76.0 versus 77.2 last month
• Forward-looking expectations expected at 75.0 versus 76.0 last month.
• Current conditions came in at 79 last month.
• One year inflation expectations last month came in at 3.2%
• five year inflation expectations came in at 3.0%

The one year inflation expectations has been tilting board to the upside of late with the cycle low at 2.9%.

This article was written by Greg Michalowski at www.forexlive.com.