University of Michigan releases preliminary October consumer sentiment and inflation expectations data

1. 22:15
   ZeroHedge

   University of Michigan inflation anxiety resurges, with the gap between Main Street and Wall Street hitting a record high

   The preliminary October University of Michigan consumer sentiment index edged down 0.1 point from September. One-year inflation expectations rose to 4.7%, and long-term inflation expectations climbed to 3.5%, both reaching their highest levels since May. The current economic conditions subindex fell to a record low of 44.7, and buying conditions for durable goods dropped sharply by 18% due to high interest rates. Over the same period, the S&P 500 total return index hit a record high, with the gap between the two reaching an extreme historical level, reflecting a clear decoupling between stock market performance and the actual experience of ordinary consumers.

Trend compares only entities observed continuously and completely, so the range may be smaller than the current heat count. Hover or tap the chart for hourly heat; use left/right arrow keys.