UMich July consumer sentiment 66.0 vs 68.5 expected

• Prior was 68.2

Details:

• Current conditions 64.1 vs 65.9 prior
• Expectations 67.2 vs 69.6 prior
• 1-year inflation 2.9% vs 3.0% prior
• 5-year inflation 2.9% vs 3.0%

Here's the problem with the UMich survey