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via seekingalpha.comEconomy

Consumer sentiment at 5-month low: Michigan index final reading at 48.0 in October

FROM THE WIRE · SEEKINGALPHA.COM

The University of Michigan Consumer Sentiment Index final reading fell to 48.0 in October, a 0.2% decrease from September. Read more here.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWeaker consumer confidence can weigh on spending expectations and on the outlook for monetary policy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The University of Michigan index final reading was 48.0 in October.
  2. 02The reading fell 0.2% from September.
  3. 03The level marks a five-month low.

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