Consumer inflation expectations move higher in early October
|Consumer sentiment rose in early October as views of current conditions improved. Inflation expectations continue to be the key component of this release, and though both short- and long-term expectations rose, importantly long-term expectations remain at a level the Fed will still consider well-anchored. Views of inflation may, however, move even higher in the final sentiment release due to higher gasoline prices specifically and the upside surprise from the September CPI report more broadly.
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