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News Flash: People Hate High Prices
Consumer sentiment undershot expectations in early October, according to the preliminary read on the country's marquee mood gauge.
At 68.9, the University of Michigan headline was lower from September and short of the 71 consensus.
This is the same story month after tedious month. Sentiment -- even when it inflected late last year during the Yellen-Powell "everything rally" -- remains very depressed. The "vibecession," so to speak, is ongoing.
The simple figure above underscores the point.
