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UMich final October final consumer sentiment 48.0 vs 46.3 expected

Prior was 46.3 Prelim was 48.1 Current conditions 46.7 vs 50.9 prior Expectations 48.4 vs 46.3 prior 1-year inflation 4.7% vs 4.7% prior 5 -year inflation 3.5% vs 3.5% prior This indicator is near all-time lows but in the last number of years it's morphed into more of a political indicator than a spending one. The Fed still watches the inflation numbers though. The University of Michigan’s…

CommodityOilPrice.com

The Hidden $40-Per-Barrel Cost Driving Oil Prices Higher

When Americans think about the price of oil, they usually focus on the number quoted every day in financial markets. If Brent crude is trading above $100 a barrel or West Texas Intermediate is near $100, those numbers become shorthand for whether oil is expensive or cheap. But that market price is only part of what ultimately determines the cost of getting crude oil to a refinery. But…

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