US consumer sentiment turned out stronger than expected — and inflation expectations actually fell.
Facts: University of Michigan preliminary November survey: 51.0 vs. expectations of 48.0, up from 46.3. One-year inflation expectations fell to 4.3% from 4.7%; five-year expectations fell to 3.4% from 3.5%. (University of Michigan via InvestingLive & WSJ, Nov. 6, 2026, release at 22:00 WIB.)
My take: this offsets last night's hot NFP report — consumers are more confident AND their inflation expectations are easing, so the narrative that “the Fed will definitely raise rates in December” isn't as certain as the market made it seem an hour ago. But be careful: the survey interviews took place from Oct. 20 to Nov. 2, before the midterm election results were known, and the reading is still near historic lows. BTC itself briefly touched $74,808 at the time of the release, then bounced to around $75,400 — the market hasn't picked a direction yet.
What I'm watching: next Tuesday's CPI and BOJ Governor Ueda's speech at 23:00 WIB tonight.
What do you think: does sentiment that's improving but still low lean more toward risk-on, or is this just a pause before things keep falling?
This is my analysis, not financial advice — always DYOR.
#UoM #Makro $BTC
Facts: University of Michigan preliminary November survey: 51.0 vs. expectations of 48.0, up from 46.3. One-year inflation expectations fell to 4.3% from 4.7%; five-year expectations fell to 3.4% from 3.5%. (University of Michigan via InvestingLive & WSJ, Nov. 6, 2026, release at 22:00 WIB.)
My take: this offsets last night's hot NFP report — consumers are more confident AND their inflation expectations are easing, so the narrative that “the Fed will definitely raise rates in December” isn't as certain as the market made it seem an hour ago. But be careful: the survey interviews took place from Oct. 20 to Nov. 2, before the midterm election results were known, and the reading is still near historic lows. BTC itself briefly touched $74,808 at the time of the release, then bounced to around $75,400 — the market hasn't picked a direction yet.
What I'm watching: next Tuesday's CPI and BOJ Governor Ueda's speech at 23:00 WIB tonight.
What do you think: does sentiment that's improving but still low lean more toward risk-on, or is this just a pause before things keep falling?
This is my analysis, not financial advice — always DYOR.
#UoM #Makro $BTC