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The Marked Chart Wire · Economy and the Fed
Consumer Sentiment
Preliminary data shows US consumer sentiment jumped 6.3 percent to 51.0 in November, up from 48.0 in October. One-year inflation expectations dropped to 4.3 percent, though they remain above levels seen in February.
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Consumer Sentiment
The University of Michigan preliminary index rose to 51, exceeding the 48 forecast and the prior 48.0 reading. One-year inflation expectations fell to 4.3 percent, while five-year expectations dropped to 3.4 percent.
Consumer Sentiment
The preliminary University of Michigan consumer sentiment index for November came in at 51, beating the forecast of 48 and the previous reading of 48.
Fed
Federal Reserve official Muslem stated that inflation expectations are stable, though consumers remain concerned. He attributed current excess inflation to energy shocks and AI infrastructure spending.
The Fed
European Central Bank officials are reportedly discussing a potential review of lender exposure to artificial intelligence infrastructure. The central bank is evaluating risks tied to fluctuating valuations and investor confidence, but no official decision has been made yet.
Jobs
US payrolls rose by 165,000 in October, surpassing the 65,000 estimate. The unemployment rate dropped to 4.1%, while involuntary part-time work climbed to 4.84 million.
HotJobs
The US economy added 165,000 nonfarm payrolls in October, exceeding the 65,000 expected. The unemployment rate fell to 4.1 percent, while average hourly earnings rose 3.1 percent year over year.
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