-
U.S. Consumer Sentiment Unexpectedly Rises to Three-Month High
Sentiment among American consumers posted a surprise jump in October amid expectations for rising incomes and lower inflation, indicating households will continue to extend the longest-running U.S. expansion. The University of Michigan's preliminary sentiment index advanced to a three-month high of 96 from September’s 93.2, data showed Friday. The median estimate of economists was for a decline to 92. The gauge of current conditions climbed to the highest level this year while the expectations index improved. Key Insights: Even with the improved sentiment, lower inflation expectations -- closely monitored by the ... (full story)