U.S. consumer sentiment fell 1.1 points to 99.0 in October
U.S. consumer sentiment fell 1.1 points to 99.0 in October for the preliminary reading from the University of Michigan survey, below expectations, following the 3.9 jump to 100.1 in September. The latter was the third print over 100 since 2004, with the 101.4 from March a 14-year high. The current conditions index dipped to 114.4 from 115.2. The expectations component slipped to 89.1 from 90.5. The 12-month inflation gauge edged up to 2.8% versus 2.7% previously, though it's still below the recent high of 3.0% in August. The 5-year index slid to 2.3% from 2.5%, the slowest rate since December 2016, and is down from 2.6% in August which was the firmest since the 2.7% from March 2016. The mix of data won't provide much direction for the markets.