The main panel of the financial show discusses how rising costs, housing and labor costs affect low-income households.
We consumer sentiment It fell to its lowest level in more than three years and near the end of the period when households worried about the economic impact of the government shutdown, according to new data.
The University of Michigan’s index of consumer sentiment with its first reading in November was 50.3, below the 53.2 expected by economists polled by LSEG.
That is the lowest level of consumer activity reported by the index since the 50 reading in June 2022, when the US economy is facing the highest rate of inflation in 40 years.
“Consumer sentiment fell back by about 6% this NOVEMBER, led by a 17% drop in personal finances and an 11% drop in business conditions,” said University of Michigan Researcher of consumer expectations Joannu Hsu Hsu. “For the Federal government shutdown Dragging for more than a month, now consumers are now showing worries about negative negative effects on the economy. “
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Consumer sentiment plunged to the second-lowest level on record in the University of Michigan’s Preliminary Report for November. (Stephanie Keith/Bloomberg via Getty Images)
“This month it comes down to emotions He was full of all numbers, being seen on the other side, income, and political involvement, “says HSU.” One exception: Buyers are not unique to The Cercile with the expertise of Stock promotions posted, supported by the continuous strength of the stock markets. “
Consumer inflation expectations were revised down from 4.6% last month to 4.7% in the first report – although they remained well below the reading recorded earlier. Tax declarations.
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Run Inflation Expectations increased from 3.9% last month to 3.6% in November. Inflation expectations are now below the average reading seen last year and the highest reading in 2025 in April.
Inflation has edged higher in recent months as tax rates that raise costs for businesses are passed on to consumers. The September consumer price index showed inflation reached 3% for the first time since February, the highest The Federal Reserve’s 2% is the target rate.
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Fed Chair Jerome Powell said rate cuts will depend on data and that a December cut is not a foregone conclusion. (Jim Watson/AFP/Getty Images/Getty Images)
The chairman of the Fed Jerome Powell It spoke of the importance of keeping inflation expectations “well” anchored “closer to the Fed’s target as policymakers weigh interest rates.”
HSU noted that negotiations for this exemption were closed before the election held on Tuesday. The final consumer sentiment results for November will be released on November 21.
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