August prelim U Mich consumer sentiment 95.3 vs 95.0 expected

• Prior was 96.8
• Current conditions 113.9 vs 110.9 prior
• Expectations 83.4 vs 87.7 prior
• 1-year inflation expectations +2.7% vs +2.6% prior
• 5-10 year inflation expectations 2.6% vs +2.5% prior

Solid report. The current conditions number is always a better indicator than expectations, which is somehow morphed into a political-satisfaction index.