Consumers were feeling slightly worse about the US economy in November, amid punishing rate hikes and decades-high inflation.
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This is according to a closely followed University of Michigan survey released Friday.
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The preliminary index reading from the monthly Surveys of Consumers showed sentiment fell to 54.7, from 59.9 in October.
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It’s the lowest reading since this summer when sentiment bottomed out after gas prices hit a record high in June.
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The survey showed that sentiment slumped both for current economic conditions as well as for those in the near future