Consumer Sentiment Falls, US May Have No Inflation Data for October

Economic Data Summary - The University of Michigan's final reading for October shows consumer sentiment falling to 53.6%, below the estimated 54.5% [1] - The current conditions index decreased to 56 from 61, and expectations dropped to 50.3% from 51.2%, indicating a potential slowdown ahead [2] - The one-year inflation index remains unchanged at 3.6%, while the 5 to 10-year inflation expectation increased to 3.9% from 3.7%, raising concerns about long-term inflation [3] - The Consumer Price Index (CPI) reported an annual rate of 3% for both headline and core, which is significantly above the Federal Reserve's target of 2% [3] - There is uncertainty regarding the October CPI report, as the White House indicated it may not be released due to timing issues, leaving the Federal Reserve without crucial data for its December decision [4][5]