US UoM Consumer Confidence Index declines to 68.9 in October vs. 70.8 expected
Source Fxstreet
- Consumer confidence in the US declined slightly in early October.
- UoM survey showed one-year inflation expectation edged higher to 2.9%.
Consumer confidence in the US weakened slightly in early October, with the preliminary University of Michigan's Consumer Sentiment Index edging lower to 68.9 from 70.1 in September. This reading came in below the market expectation of 70.8.
The Current Conditions Index declined to 62.7 from 63.3 and the Consumer Expectations Index fell to 72.9 from 74.4.
The details of the survey showed that the one-year inflation expectation edged higher to 2.9% from 2.7%, while the five-year inflation outlook decreased to 3% from 3.1%.
Market reaction
These data failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was virtually unchanged on the day at 102.85.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Nvidia 2026 Shareholder Meeting Preview: Can Stock Price Hit New Highs? How Blackwell, Vera Production Ramps Will Determine Future Revenue?This Wednesday (June 24), NVIDIA (NVDA) will hold its 2026 annual meeting of stockholders online. The focus of this meeting will be the production ramp-up of Blackwell and the brand-new V
This Wednesday (June 24), NVIDIA (NVDA) will hold its 2026 annual meeting of stockholders online. The focus of this meeting will be the production ramp-up of Blackwell and the brand-new V
Morgan Stanley’s Latest Assessment: Three Variables for Gold’s Rise to $5,200 — Hawkish Fed, ETF Flows, and Middle East TurmoilMorgan Stanley ( MS )'s latest precious metals research report shows that while continuous gold purchases by global central banks have provided a solid floor of support, gold ( XAUUSD )'s
Morgan Stanley ( MS )'s latest precious metals research report shows that while continuous gold purchases by global central banks have provided a solid floor of support, gold ( XAUUSD )'s
The US-Iran peace talks took place on Sunday in Bürgenstock, Switzerland, with delegations from Iran, the United States, Qatar, and Pakistan participating.
Silver price (XAG/USD) halts its three-day losing streak, trading around $65.90 per troy ounce during the Asian hours on Monday.
WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the keyWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.
