On Friday, the University of Michigan released the preliminary October Survey of Consumers. Final October data will be released on 25 October. Key Highlights: The University of Michigan consumer sentiment index fell from 70.1 in September to 68.9 points in October, marking a 1.7% monthly fall and below economist estimates of 70.9 as per data from Benzinga Pro.The sub-index for consumer expectations decreased from 74.4 to 72.9 points versus expectations of 75.The sub-index for current economic conditions also fell from 63.3 to 62.7 compared to the estimates of 64.3.Surveys of Consumers Director…