October 25, 2024 14:05 GMT
US DATA: U.Mich 1Y Inflation Expectations Revised Back To Recent Lows
US DATA
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- U.Mich consumer sentiment was stronger than expected in October as it was revised up to 70.5 (prelim 68.9) for a small increase from 70.1 in September.
- Both current conditions and expectations were revised higher.
- 1Y inflation expectations: 2.7% (cons & prelim 2.9) in Oct after 2.7% in Sep, surprisingly remaining at what was the lowest since Dec 2020.
- 5-10Y inflation expectations: 3.0% (cons & prelim 3.0) in Oct after 3.1% in Sep, confirming a return to more comfortably within its steady 2.9-3.1% range.
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