U.S. consumer sentiment surged 6.0 points to 101.1 in the October
U.S. consumer sentiment surged 6.0 points to 101.1 in the October preliminary print from the University of Michigan survey, after dropping 1.7 points to 95.1 in September. This is the highest going all the way back to January 2004. The index was 87.2 a year ago (before surging to 93.8 in November). The current conditions index improved 4.7 points to 116.4 after rising 0.8 points to 111.7 last month. The expectations component climbed 6.9 points to 91.3 following the 3.3 point drop to 84.4 in September. The 1-year inflation index slowed to 2.5% after firming to 2.7% in September from the 2.6% pace seen from May to July. The 5-year price index also dipped, sliding to 2.4% from 2.5%. Can you say goldilocks given this and the sales data earlier.