Uni of Michigan sentiment report University of Michigan Sentiment is forecasted on the 10th of February to rise by .1 to 65, consumer spending accounts for roughly 70% of US GDP. Looking back to the swing seen on UMCSENT in 2008 from 51.64 to 76.56. UMCSENT just bounced off 51.64. If history repeats itself, we may see an actual report of +70. Which would be bullish news for the USD, and would suggest a bullish CPI report 14th of February. DXY looking for 104.891, if these levels break, DXY back up to +108.
UMCSENT CHART: Reddit - Dive into anything