U.S. Consumer Sentiment Drops Again in November on Rising Inflation Fears
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U.S. consumer sentiment fell for the fourth straight month in November to the lowest level since May.
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Inflation expectations rose again, with the medium-term outlook hitting the highest level in over a dozen years.
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Concerns about high interest rates contributed to a slide in the economic outlook.
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Gasoline price expectations rose to their highest levels of the year despite recent declines.
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Rising inflation expectations will be worrying for the Fed as it tries to bring down inflation.