Reported about 1 month ago
In October, US consumer sentiment reached a six-month high as households expressed optimism about purchasing conditions, aided by lower financing costs. The sentiment index rose from 70.1 to 70.5, with expectations for annual price increases remaining steady at 2.7%. More than half of consumers anticipate interest-rate relief in the coming year, contributing to positive views on spending and the labor market. While lower-income consumers expect less growth in income, overall sentiment is buoyed by political dynamics ahead of the presidential election.
Source: YAHOO