US consumer sentiment hits a near-record low before midterm elections
Independent voters’ economic anxieties highlight political implications of plummeting US consumer sentiment.
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Independent voters’ economic anxieties highlight political implications of plummeting US consumer sentiment.
US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale. The University of Michigan’s final sentiment index eased to 48 from 48.1 in September, according to the survey released Friday. Even so, that was an improvement from the preliminary reading and topped all estimates in a Bloomberg survey of economists. Joanne Hsu, University of Michigan Surveys of Consumers Director joins to discuss. (Source: Bloomberg)
US consumer sentiment edged down to 48 in October, beating the 46.3 forecast, while inflation expectations held at 4.7% before the Fed meets. The post US Consumer Sentiment Edges Down to 48 appeared first on The Rio Times.
On today’s Big Take podcast, editors Matt Boesler and Cristina Lindblad join Sarah Holder to unpack what the data says is happening in the US economy and why consumer sentiment tells another story. (Source: Bloomberg)
CarMax Inc. shares rose after the company reported comparable used-vehicle sales that expanded more than expected, showing its revival efforts are taking hold even in light of faltering consumer sentiment.
CarMax Inc. stock has revved higher since May as the struggling car seller attempts to revive it’s business, however, mounting economic woes and stuttering consumer sentiment could threaten its recovery.