Daily Roundup of Key US Economic Data for Oct. 7
MT newswire2026/10/07 19:0503:05 PM EDT, 10/07/2026 (MT Newswires) -- The New York Fed's inflation expectations survey for September showed an increase at the one-year and three-year horizons, but no change at the five-year horizon. The one-year inflation expectation, at 3.9%, was the highest since May 2023. Consumer credit usage rose by $8.3 billion in August after a $17.7 billion gain in July, with revolving credit use down and nonrevolving credit use rising at a slower rate. The Mortgage Bankers Association reported a 4.2% decline in mortgage applications in the week ended Oct. 2 after a 6% decline in the previous week. Refinancing activity and new home applications both fell as average 30-year mortgage rates hit another three-year high. Total crude oil inventories fell by 4.0 million barrels in the week ended Oct. 2, with commercial oil inventories down 3.2 million barrels and stocks in the US Strategic Petroleum Reserve down 800,000 barrels. Gasoline inventories rose in the week, while distillate inventories were unchanged.
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