Consumer Inflation Expectations Move Higher in Early October

Source: Economics Group of Wells Fargo Bank, N.A.Summary 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. READ FULL ARTICLE>>