Highlights of the University of Michigan consumer sentiment survey:
– Prior was 92.9
– Current conditions 105.1 vs 107.1 prior
– Expectations 83.4 vs 83.8 prior
The survey closed on Aug 27, which incorporates responses since the latest round of market volatility. A Fed member earlier this week (Dudley) highlighted the importance of the release because it would be the first chance to see the impact of markets on broader economic sentiment.