September final UMich consumer sentiment 48.1 vs 47.6 expected

<ul><li>Prelim was 47.8</li><li>Prior was 51.7</li><li>Current conditions 50.9 vs 50.9 prelim (51.9 prior)</li><li>Expectations 46.3 vs 45.8 prelim (51.5 prior)</li><li>One-year inflation expectations 4.6% vs 4.6% prelim (prior 4.0%)</li><li>Five-year inflation expectations 3.4% vs 3.4% prelim (prior 3.4%)</li></ul><p>These 'beat' the consensus but these are thinly-forecast indicators so the prelim numbers are a better metric to go by. There was a slight improvement on the headline and expectations but the inflation numbers -- more important right now -- stayed high. That's not a surprise given there's a correlation with gasoline prices.</p><p>In any case, US 10-year yields are at the highs of the day, up 4.2 bps to 5.20%.</p><p></p> This article was written by Adam Button at investinglive.com.