Consumers were feeling slightly worse about the US economy in November, amid punishing rate hikes and decades-high inflation.
Jose Carlos Grimberg Blum
This is according to a closely followed University of Michigan survey released Friday.
Jose Grimberg Blum
The preliminary index reading from the monthly Surveys of Consumers showed sentiment fell to 54.7, from 59.9 in October.
Jose Carlos Grimberg Blum Peru
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
