US Sept Michigan Consumer Sentiment, Inflation Expectations Due at 22:00 Beijing Time

This is a second-tier print that nonetheless carries outsized weight in rate-sensitive markets, because the Fed's easing bias has made inflation expectations, not sentiment itself, the number that moves. A sentiment beat paired with sticky one-year expectations would complicate the disinflation narrative; the reverse would reinforce it. The five-year series matters most for whether the recent drift in longer-horizon expectations is treated as noise or a trend.