November preliminary consumer sentiment comes in light

Group 1 - The preliminary University of Michigan sentiment index for November is reported at 50.3%, significantly lower than the expected 53 and the previous final reading of 53.6% [1] - The current conditions index is at 52.3%, marking a notable decline and approaching historical lows not seen since the late 1970s [2] - One-year inflation expectations have increased from 4.6% to 4.7%, the highest since August, while the 5 to 10-year inflation expectations have decreased from 3.9% [2] Group 2 - The market reaction to the soft sentiment and inflation numbers has been muted, indicating that investors may not be as responsive to these indicators as in the past [3] - The interest rate complex shows slight changes, with the 2-year yield at 3.55% and the 10-year yield at 4.09%, reflecting minimal movement from previous weeks [4]