Michigan survey shows October consumer sentiment held near 48
The University of Michigan’s final October sentiment index was 48.0, a tenth of a point under September. Year-ahead inflation expectations rose to 4.7%.
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The University of Michigan’s final October sentiment index was 48.0, a tenth of a point under September. Year-ahead inflation expectations rose to 4.7%.
In the October Surveys of Consumers, 85% said it was a bad time to buy a home, and 62% of them blamed high interest rates, the university reported.