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US: UMich Inflation Expectations Unexpectedly Jumped In October
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 ... (full story)
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US Univ. Of Michigan Sentiment Oct P: 59.8 (est 58.8; prev 58.6)
— LiveSquawk (@LiveSquawk) October 14, 2022
- 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%)
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