Consumer, Sentiment
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The record-breaking government shutdown has left Americans feeling worse about the economic outlook. That’s according to the latest University of Michigan consumer sentiment survey, which showed the index falling to 50.
US consumer sentiment has fallen to its lowest level in more than three years as concerns over the US government shutdown weigh on consumers.
US consumers' views of the economy dimmed in November, reaching the lowest level since mid-2022 as a government shutdown fueled household worries, survey data showed Friday. The University of Michigan survey comes as the US government shutdown has halted federal data releases too,