Low impact
US October final University of Michigan consumer sentiment index came in at 48.0, above the 46.3 expected but below September's 48.1, while 1-year inflation expectations rose to 4.7% and 5-year to 3.5%.
Bloomberg10/23, 09:00 PM
- 48.0
- 46.3 expected
- 48.1
- 46.7 vs. 50.9 prior
Figures as quoted by Bloomberg
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
USD
Would push up
DaysMedium confidence
Higher inflation expectations could reduce pressure for faster Fed easing, supporting the dollar
US10Y
Would push up
DaysMedium confidence
Rising inflation expectations can keep yields elevated if easing bets are trimmed
What could change this
Sentiment itself fell from September, which could limit the inflation-expectations effect on policy expectations.
DXY before and after this story
101.75+0.12%vs previous close
0.00%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
10/23, 03:55 AM10/24, 03:55 AM