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US Consumers still skittish about economy ahead of election
The Michigan Consumer Sentiment Index ticked down in October (within the margin of error) after two months of gains. Sentiment is 8% stronger than a year ago, and almost 40% above the trough reached in June 2022. Why it matters: "While inflation expectations have eased substantially, ... consumers continue to express frustration over high prices," survey director Joanne Hsu said. Red alert for the Harris campaign: In an ABC News/Ipsos poll out this morning, 59% of U.S. adults say the economy is getting worse — more than twice as many as say it's getting better, 23%. An orange flag about continuing consumer ... (full story)
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- Posted: Oct 13, 2024 5:33pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,640
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