October preliminary consumer sentiment
- Prior was 80.4
- Current conditions 84.9 vs 87.8 prior
- Expectations 78.8 vs 75.6 prior
- 1 year inflation 2.7% vs 2.6% prior
- 5-10 year inflation 2.4% vs 2.7% prior
That’s a modest beat but it keeps the rebound from the bottom moving in the right direction, albeit slowly.
Separately, US business inventories rose 0.3% vs 0.4% expected.
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