Consumer Sentiment Falls for 4th Straight Month on Inflation and Rate Worries
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Consumer sentiment fell in November for the 4th month in a row due to worries about higher interest rates and war.
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Sentiment survey declined to 60.4, the weakest reading since May.
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Sentiment fell most among younger and lower-income Americans.
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Americans think inflation will average 4.4% in the next year, up from 4.2% last month.
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Consumers feel "stretched between inflation and higher interest rates", making them less optimistic.