Consumer sentiment comes in at 55.0 vs. 54.9 estimated

Economic Indicators - The final reading for October shows a deterioration from a mid-month reading of 55 to 53.6%, marking the weakest level since May of this year [1] - Current conditions have also declined from 61 mid-month to 58.6%, the lowest since July 2022 [1] - Inflation data remains steady at 4.6%, while the 5 to 10-year yield has increased from 3.7% to 3.9%, the highest since June [2] Market Reactions - Initial market reactions included lower yields and higher equities, indicating a positive response to CPI data being cooler than expectations [4] - Despite fluctuations, equity markets remained strong, closing in the green [4]