U of M sentiment falls in November; poor, young, especially unhappy

10 November 2023

 

Summary: University of Michigan consumer confidence index falls in November, less than expected; views of present conditions, future conditions both deteriorate; largest falls from lower-income consumers, younger consumers; Treasury yields generally rise; 2024 rate-cut expectations soften modestly. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a growing unease with the global spread of COVID-19 and its reach into the US....

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