Consumer sentiment fell slightly in October and inflation expectations remained high, signs that the economy stands to suffer from the government shutdown .

Consumer sentiment fell to 55, down from 55.1 in September, according to a preliminary reading of the University of Michigan Consumer Sentiment Index for October. Consumer sentiment is now down 22% from a year ago.

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The preliminary numbers are the first to be released after the government entered a shutdown at the start of the month. Markets have largely shrugged off the shutdown, but there are still implic

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