密歇根大學消費者信心指數 (UMCSENT)

About University of Michigan Consumer Sentiment Index (UMCSENT)

Conducted monthly by the University of Michigan Survey Research Center under Director Joanne Hsu across 500+ US households, UMCSENT delivers the market’s earliest monthly readout on consumer mood and inflation psychology. Preliminary November 2026 sentiment rose 6.3% to 51.0 as 1-year inflation expectations eased to 4.3% and 5-year to 3.4%. University of Michigan Consumer Sentiment Index (UMCSENT) claims #3 right behind hard BLS US CPI (#1) and Nonfarm Payrolls (#2), and one spot ahead of the FOMC Federal Funds Rate (#4), because it arrives mid-month as markets’ earliest forward pulse on both household purchasing-power stress and the exact 1-year (4.3%) and 5-year (3.4%) inflation expectations debated inside FOMC rooms. When May 2026 sentiment hit an all-time record low of 44.8—and when preliminary November 2026 rebounded +6.3% to 51.0 (Current Conditions 51.0, Expectations 50.9) while 57% of respondents cited high prices and equity holders flagged emerging AI-valuation nerves—10:00 AM ET Friday bond desks repriced immediately. It trails only CPI (#1) and Payrolls (#2) because surveyed morale can temporarily diverge from upper-income spending.