UK PM Truss: I want to deliver a low tax, high wage, high growth economy

tweet at 8:56am: Putin: No Need for Massive Strikes on Ukraine Now. That's for Now, but We Will See. Direct Clash of Nato Troops with Russia Would Lead to Global Catastrophy. tweet at 8:47am: PUTIN: IF IT TURNS OUT THAT HUMANITARIAN CORRIDORS FOR UKRAINE GRAINS ARE USED FOR TERROR ACTS, THEN THERE IS NO NEED FOR SUCH CORRIDORS PUTIN: NO PLANS FOR ADDITIONAL MILITARY MOBILIZATION IN RUSSIA PUTIN: IN NEXT TWO WEEKS MOBILISATION WILL BE OVER tweet at 8:39am: PUTIN: WE RESPECT THEIR POSITION, BUT WE KNOW THAT KYIV DECIDED NOT TO PROCEED WITH TALKS PUTIN: WE ARE OPEN FOR TALKS, WE HAVE ALWAYS SAID THIS

UMich headline sentiment was expected to rise very modestly in preliminary October data and did - beating expectations with a 59.8 print against 58.8 expectations. However, this was driven by a jump in current conditions offsetting a drop in future expectations... chart Continued uncertainty over the future trajectory of prices, economies, and financial markets around the world indicate a bumpy road ahead for consumers. However, what most investors were watching for was inflation expectations which unexpectedly spiked higher... The median expected year-ahead inflation rate rose to 5.1%, with increases reported across age, income, and education. Last month, long run inflation expectations fell below the narrow 2.9-3.1% range for the first time since July 2021, but since then expectations have returned to that range at 2.9%. After 3 months of expecting minimal increases in gas prices in the year ahead, both short and longer run expectations rebounded in October. tweet at 10:01am: US Univ. Of Michigan Sentiment Oct P: 59.8 (est 58.8; prev 58.6) - Current Conditions: 65.3 (est 59.6; prev 59.7) - Expectations: 56.2 (est 58.3; prev 58.0) - 1-Year Inflation: 5.1% (est 4.6%; prev 4.7%) - 5-10 Year Inflation: 2.9% (est 2.8%; prev 2.7%)