- October University of Michigan Consumer sentiment: 59.8vs. 59.0 consensus and 58.6 in September.
- Expectations: 56.2vs. 58.5 consensus and 58.0 prior
- Current conditions: 65.3vs. 59.9 consensus and 59.7 prior.
- Year-ahead inflation expectations:+5.1%vs. 4.6% expected and 4.7% prior.
- Median long-run inflation expectations of 2.9% drifted up from 2.7% and exceeded the 2.8% consensus.
- "Sentiment is now 9.8 points above the all-time low reached in June," said Surveys of Consumers Director Joanne Hsu. "Continued uncertainty over the future trajectory of prices, economies, and financial markets around the world indicate a bumpy road ahead for consumers."
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