The final reading on U Mich sentiment

  • Prelim reading was 95.7
  • October final reading was 95.5
  • Current conditions 111.6 vs 110.9 prelim
  • Expectations 87.3 vs 85.9 prelim
  • 1-year inflation 2.5% vs 2.5% prelim
  • 5-10 year inflation 2.5% vs 2.4% prelim

It's rare for this series to jump that much in the final reading; it's a good sign for the underlying economy.