US Consumer Sentiment Slips to Five-Month Low on Inflation Woes

The University of Michigan's consumer sentiment index fell to 48 in October from 48.1 in September, according to the survey released Friday. Bloomberg reported the decline reflected high prices and rising interest rates. The October reading was an improvement from the preliminary reading and exceeded all economist estimates in a Bloomberg survey.

• Bloomberg — US Consumer Sentiment Slips to Five-Month Low on Inflation Woes
• Bloomberg — US Consumer Sentiment Slips to Five-Month Low on Inflation

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