US October UMich prelim consumer sentiment 46.3 vs 47.8 expected

Prior was 48.1 Current conditions 44.7 vs 51.0 exp Expectations 47.3 vs 45.5 exp One-year inflation 4.7% vs 4.6% prior Five-year inflation 3.5% vs 3.4% prior This report used to be a market mover and fooled the Fed into hiking in the last cycle but it's increasingly unreliable…