University of Michigan Surveys of Consumers

Money Moves

Final October reading of 48.0, second-lowest on record behind May's 44.8; year-ahead inflation expectations rose to 4.7%

Consumer prices rose 0.4% in October from September, and core prices rose 0.3% for a third straight month, the Labor Department said November 10. The report kept the Federal Reserve on course to raise rates at its December 8-9 meeting. Governor Christopher Waller said a 0.3% core reading would make him consider a half-point hike.

Updated 2 days ago