Michigan 5-Year Inflation Expectations comes in at 3.3% against 3.3% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
Michigan 5-Year Inflation Expectations for July 2026 were released at 3.3% today, July 31, 2026, at 14:01 UTC. This figure matched the consensus estimate of 3.3%. The previous reading was also 3.3%, indicating no change from the prior period or market expectations. The surprise versus consensus was 0.0%.
Measured market reaction in the 15 minutes following the release showed varied movements across USD pairs and gold. AUDUSD moved -7.5 pips, while EURUSD gained 6.1 pips. GBPUSD saw a +6.2 pip increase. NZDUSD moved -0.9 pips. USDCAD rose by +13 pips, and USDCHF declined by -5.7 pips. USDJPY moved -15 pips. XAUUSD gained +38 pips. Compared to historical median 1-hour moves, the 15-minute reactions for AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCHF, and USDJPY were relatively small. USDCAD’s +13 pip move matched its median 1-hour move of 13 pips. XAUUSD’s +38 pip move was larger than its median 1-hour move of 30 pips.