US UMich October final consumer sentiment 70.5 vs 69.0 expected

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US UMich October final consumer sentiment 70.5 vs 69.0 expected

• Prior was 68.9
• Current conditions 64.9 vs 62.7 prelim
• Expectations 74.1  vs 72.9 prelim
• 1-year inflation 2.7% vs 2.9% prelim
• 5-year inflation 3.0% vs 3.0% prelim

Expect a big swing shortly in the sentiment of about half of Americans.

In the aftermath of this report, US equities are at the best levels of the day with the S&P 500 up 49 points, or 0.8%.

                This article was written by Adam Button at www.forexlive.com.

Source: US UMich October final consumer sentiment 70.5 vs 69.0 expected

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