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U.Mich Inflation Expectations Limit Surprise Preliminary Slide

US DATA
  • 1Y ahead: increased a tenth to 3.2% as expected vs the initial 3.1, still down from 3.5% in August.
  • 5-10Y ahead: increased a tenth to 2.8% as expected vs the initial 2.7, still down from 3.0% in August. It still marks a break below its sustained 2.9-3.1% range (only its second time in the last 26 months), just a slightly smaller one now.

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