Prelim was 67.7 • Prior was 69.5 • Current conditions 71.4 vs 69.8 prelim (75.7 prior) • Expectations 66.0 vs 66.3 prelim (65.5 prior) • 1-year inflation 3.2% vs 3.1% prelim (3.5% prior) • 5-10 year inflation 2.8% vs 2.7% prelim (3.0% prior) • I don't think the climbs in inflation is a big surprise after the sharp fall in the prelim data but on net, this is USD bullish. (full story)

With PCE stickier than expected this morning (echoing similar trend sin CPI and PPI last week), expectations for UMich inflation outlooks was for a modest rise from the preliminary September prints, and they did with 1Y rising from 3.1 to 3.2 and 5-10Y rising from 2.7 to 2.8% - but they were both down from August's levels. So sentiment is seeing slowing inflation, but the market is seeing re-acceleration. The final print for UMich Sentiment was very slightly better than the preliminary print but was also lower than August - a small decline in consumer expectations over their personal finances was offset by a modest ... (full story)