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23.10.26 - 18:24
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US Consumer Sentiment Slips to Five-Month Low on Inflation (Bloomberg)
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US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale. The University of Michigan's final sentiment index eased to 48 from 48.1 in September, according to the survey released Friday. Even so, that was an improvement from the preliminary reading and topped all estimates in a Bloomberg survey of economists. Joanne Hsu, University of Michigan Surveys of Consumers Director joins to discuss. (Source: Bloomberg)...
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23.10.26 - 17:45
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Consumer confidence holds steady from September amid persistent inflation (The Hill)
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U.S. consumer sentiment flatlined from September to October, as persistent inflation squeezes Americans' finances. Conference confidence sat at a measure of 48 percent this month, a minor decrease from last month's reading of 48.1, according to the University of Michigan's Surveys of Consumers Index. Consumer sentiment has dipped by 10.4 percent from October 2025, with......
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23.10.26 - 16:54
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Main St.-Wall St. Divide Reaches Record High As UMich Inflation Angst Re-Accelerates (ZeroHedge)
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Main St.-Wall St. Divide Reaches Record High As UMich Inflation Angst Re-Accelerates
Preliminary October UMich Sentiment held steady this month, registering a tiny 0.1pt decline below September (Current Condiutions dipped but Expectations ticked up)...
Increases in sentiment among Republicans and Democrats were balanced by declines among independents.
While year-ahead business conditions improved about 14%, they stand 16% less than last October's read.
This month's decline in the Current Conditions subindex was driven entirely by buying conditions for durables, which plunged 18% on the basis of higher interest rates and rising concerns about the affordability of such purchases.
Inflation expectations over both time horizons increased for the second straight month to their highest readings since May.
Long-run inflation expectations also stepped up from 3.4% in September to 3.5%, notably higher than their 2024 range of 2.8% to 3.2%.
Year-ahead inflation expectations ticked up from 4....
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