US Consumers Expect Inflation at 4.7%: UMich Survey Shows Second-Worst Print Ever
Consumer sentiment fell to 46.3 in October, the second-lowest reading ever, as inflation expectations rose to 4.7%.
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Why It Matters
People think prices will keep going up at 4.7 percent over the next year. When folks worry about higher prices, they buy less stuff, which can slow down businesses.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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