Posted 11/10/2023, 3:32:12 PM
U.S. Consumer Sentiment Drops Again in November to Lowest Level Since May as Inflation Expectations Keep Rising
- U.S. consumer sentiment fell for the 4th straight month in November to the lowest level since May
- Inflation expectations rose again, with medium-term outlook hitting highest level in over a dozen years
- Current conditions and expectations indexes also fell to lowest levels since May
- Consumers' near and long-term gas price expectations rose to highest levels this year
- Rise in inflation expectations concerning for Fed as they try to bring down high inflation