UMich September client sentiment 47.8 vs 51.0 anticipated

• Priorwas 51.0
• Current conditions 50.9 vs 51.3 exp
• Expectations 45.8 vs 50.5 exp
• One-year inflation 4.6% vs 4.0% exp
• Five-year inflation 3.4% vs 3.3% exp

Those inflation expectations numbers will further tilt the Fed towards hiking rates next week. I think it’s a done deal now and the market has it at 82%.

This article was written by Adam Button at investinglive.com.