The University of Michigan’s consumer sentiment index just hit 48.0 for October, the second-lowest reading on record.
Affordability concerns are hitting hard, with independent voters seeing the sharpest drop (down to 42.4) right ahead of the midterms. Meanwhile, 1-year inflation expectations ticked up to 4.7%.
Source: University of Michigan Surveys of Consumers
Affordability concerns are hitting hard, with independent voters seeing the sharpest drop (down to 42.4) right ahead of the midterms. Meanwhile, 1-year inflation expectations ticked up to 4.7%.
Source: University of Michigan Surveys of Consumers