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: U.S. consumer sentiment remains near pandemic lows as inflation expectations hit 13-year high

The numbers:  The University of Michigan’s gauge of consumer sentiment rebounded slightly to a final October reading of 71.7, up 0.3 points from the preliminary reading earlier this month, but below the final September level of 72.8.

Key details: A gauge of consumer’s views of current conditions fell to 77.7 in October from 80.1 in September, while an indicator of expectations slipped to 67.9 from 68.1 in September.

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