Results of the October survey

U Mich sentiment
  • Prelim was 81.2
  • Prior was 80.4
  • Current conditions 85.9 vs 84.9 prelim
  • Expectations 79.2 vs 78.8 prelim
  • 1 year inflation 2.6% vs 2.7% prelim
  • 5-10 year inflation 2.4% vs 2.4% prelim

This indicator has flattened out after the bounce from the bottom. A sign of things to come?

Next month should be interesting because whatever the results of the election, half the country will be disappointed.