WHOOPS: Consumer Confidence Unexpectedly FALLS To 74.3

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Photo: rkelmy

UPDATE:It’s a miss!

Analysts expected consumer confidence to go from 75.3 last month to 76.0 this month.

But instead it actually dropped to 76.0.

There was a big jump in inflation expectations, which is interesting, and not all that surprising given the jump in gas prices and whatnot.

It is a bit inconsistent with other readings, which have showed confidence rising week after week.

Markets remain basically flat… just a tick to the downside.

 

Original post:

The last big datapoint of the day: The University of Michigan Consumer Confidence Index is revealed at 9:55 AM ET.

Analysts are looking for a reading of 76.0, up a bit from 75.3.

Mostly consumer confidence surveys have been looking very good, and it’s hard to detect a big sentiment impact from gas prices. We’ll be on the look out for that.

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