Consumers continue to lack confidence in the US economy ahead of holiday shopping season | CNN Business

Heading into the all-important holiday shopping season, American consumers still aren’t feeling very confident about the state of the US economy. The University of Michigan’s consumer sentiment index landed at 56.8 in November, up from the preliminary reading of 54.7 measured earlier this month but lower than the 59.9 recorded in October. Economists were expecting a reading of 55, according to consensus estimates on Refinitiv.

” Consumers surveyed also highlighted the effects of rising interest rates on their desire to buy homes, cars and other big-ticket items. The Federal Reserve, in efforts to combat decades-high inflation, has enacted a series of steep interest rate hikes. About 83% of respondents to the University of Michigan’s Surveys of Consumers said that it was a bad time to buy a home. That’s the highest share ever recorded, according to the university.

Woollup , what inflation are you talking about?

CNN=FAIL

Lemon's new gig? Reporting on Christmas shopping? I see CNN still cant bring themselves to say Christmas. YOu have all been exposed & proven to be putting out propaganda. Have you even admitted Hunter's Laptop is real yet? Other MSM took 2 yrs to face facts. How long for CNN?

Thanks to Biden’s Economy!

Let’s Go Brandon.

All hail Comrade Biden!

The highest spending online on thanksgiving day in history literally haha

Always there with the cutting edge news.

Yeah right we are giving the same stop feeding into fear

800 private planes flew in to tell us all to save the planet

Gee, you think. Who said the economy hasn't been better? I think it was POTUS.

Maybe people will realize the true meaning of Christmas is not in the materialism.

But the White House says we don’t have high inflation

Welcome to Biden’s America

Duh

Not gonna happen!!!

CNN is back to inflation only channel

Who’s in office again and has all the 3 branches and has had 2+yrs to do something about it? Oh thats right democrats, silly me almost forgot.

Elimination of energy and environmental regulations would maximize energy production and minimize inflation. Their is no climate change problem for the long term.

Thanks democrats...

Duh

Thank you very much Joe Biden

Why are you repeatedly misgendering the Colorado shooter?

Follow me if u want gifts

CAN Jasmine/Laura take a pic with that hair without black color

I don’t like gifts away, I’d rather get a 69 done on me 😇

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