Economy

Consumer sentiment in October plunges to lowest level in months: ‘Concerns over inflation’

By Zach Halaschak
Published October 13, 2023 3:49pm ET
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Consumer sentiment in October plunges to lowest level in months: ‘Concerns over inflation’
This month, consumer sentiment tumbled more than expected as persistent inflation and higher interest rates make life less affordable. The University of Michigan Consumer Sentiment Index plunged to 63 in October, down from more than 68 in September, according to preliminary numbers released Friday. The drop represents a weighty 7.5% decline from last month but […]

This month, consumer sentiment tumbled more than expected as persistent inflation and higher interest rates make life less affordable.

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Tag:

Bidenomics Consumers Inflation Interest Rates