Consumer Sentiment: Difference between revisions

Consumer Sentiment (view source)

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+== Developments ==
+=== November 2023 ===
+Consumer sentiment slipped for the fourth straight month, falling 5% in November. While current and expected personal finances both improved modestly this month, the long-run economic outlook slid 12%, in part due to growing concerns about the negative effects of high interest rates.
+* Overall, lower-income consumers and younger consumers exhibited the strongest declines in sentiment.
+* Sentiment of the top tercile of stock holders improved 10%, reflecting the recent strengthening in equity markets.
+* Year-ahead inflation expectations inched up to 4.4%, indicating that the large increase between September’s 3.2% reading and October’s 4.2% reading was no fluke.
+* Long-run inflation expectations also rose, from 3.0% last month to 3.2% this month, the highest reading since 2011.