US consumer sentiment hits 10-year low with inflation fears surging
US consumer sentiment has weakened to its lowest level in a decade, reflecting Americans’concerns US consumer sentiment has weakened to its lowest level in a decade, reflecting Americans’ concerns about rising prices and a belief that the Biden administration has failed to address the surge in inflation.
The University of Michigan's consumer sentiment indexslipped to 66.8 in November, according to a survey published on Friday. That was down from 71.7 in October and well below economists’ forecast for a stronger reading of 72.4.
The drop-off in consumer sentiment came alongside fresh evidence that the nationwide worker shortage is becoming more pronounced as the number of people quitting their jobs reached new heights. Data released on Friday showed a record 4.4m Americans quit their jobs in September while the number of job openings remained near a record high.
Source: Financial Times
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GaltKo : Just raise the interest rates already, we will suffer either way, at least we know a correction will occur and if the economic indicators are strong we will recover. If we keep the printer going we're just delaying the inevitable and snowballing the effects!
Br0o : BS. markets at record levels Go Home Branden your drunk.
TheGOAT92 : awesome