News Brief | U.S. consumer confidence falls to 46.3 in October; current conditions index hits record low as inflation expectations rise again
U.S. consumer confidence fell further in early October, with consumers’ assessment of current economic conditions dropping to a record low. Persistently high inflation is adding to the financial strain on American households. A preliminary survey released Friday by the University of Michigan showed that the consumer sentiment index fell to 46.3 in October, its lowest level since May.
Pay attention to the release dates of policy announcements and data, and to how the results compare with market expectations.
This does not constitute investment advice.
U.S. consumer confidence fell further in early October, with consumers’ assessment of current economic conditions dropping to a record low. Persistently high inflation is adding to the financial strain on American households. A preliminary survey released Friday by the University of Michigan showed that the consumer sentiment index fell to 46.3 in October, its lowest level since May.
Pay attention to the release dates of policy announcements and data, and to how the results compare with market expectations.
This does not constitute investment advice.