Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan’s Index of Consumer Sentiment was virtually unrevised in late October at 67.7 and is little changed from 68.2 in September. In fact, the series hasn’t moved much over the past 4 months, remaining stubbornly below its current cyclical peak in June of this year (at 76.0). One year-ahead average inflation expectations remained at 3.3 percent during the October revision, ticking up 0.3 percentage point from September. Longer-term (5- to 10-year-ahead) were stable during the month, as average expectations nudged down to 3.0 percent from 3.1 percent in September and were unchanged during the October revision.