Keeping you up to date on the latest data releases.
Final numbers show that the University of Michigan’s Index of Consumer Sentiment has risen to 77.5 from the preliminary number of 76.8 posted earlier in September. The Index of Consumer Expectations and Current Economic Conditions contributed to the intramonth gain with a revision of 92.6 (from 91.8) and 67.8 (from 67.2), respectively. September’s final reading was revised up from the preliminary report, but is still the lowest reading in four months.
As for inflation expectation revisions, consumers now expect a year-ahead inflation rate of 3.3 percent up from 3.0 percent in August, and a longer-term (five- to 10-year) rate of 3.0 percent, up from 2.9 percent in August.