U.S. CONSUMER SENTIMENT FALLS AS INFLATION EXPECTATIONS RISE

University of Michigan consumer sentiment fell to 46.3 in October, missing expectations of 47.8 and declining from 48.1 in September.

The current conditions index plunged to 44.7, well below forecasts of 51.0.

Meanwhile, 1-year inflation expectations rose to 4.7%, while 5-year expectations climbed to 3.5%, signaling persistent inflation concerns among consumers.
(@WalterBloomberg)