{"id":102174,"date":"2025-10-24T20:35:08","date_gmt":"2025-10-24T20:35:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/102174\/"},"modified":"2025-10-24T20:35:08","modified_gmt":"2025-10-24T20:35:08","slug":"signs-of-stress-in-consumers-says-metlifes-drew-matus","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/102174\/","title":{"rendered":"Signs of Stress in Consumers, Says Metlife&#8217;s Drew Matus"},"content":{"rendered":"<p>                        US consumer sentiment fell in October to a five-month low, as worries persisted about stubbornly high prices and the impact on their finances. The final October sentiment index fell to 53.6 from 55.1 in September, a deterioration from the preliminary reading, according to the University of Michigan. A measure of current conditions dropped to the lowest since August 2022. MetLife Investment Management Chief Market Strategist Drew Matus believes that the soft CPI report is hinting towards a K-shaped economy, causing signs of stress among upper end consumers. According to Matus  these consumers have a high level of job separation anxiety leading to a pull back on personal expenses, saying &#8216;if you&#8217;re not going to buy a cup of coffee you&#8217;re not going to buy a car.&#8221; He joined Carol Massar and Tim Stenovec on &#8216;Bloomberg Businessweek Daily&#8217; to break it down.<\/p>\n<p>Bloomberg videos, provided by MT Newswires<\/p>\n","protected":false},"excerpt":{"rendered":"US consumer sentiment fell in October to a five-month low, as worries persisted about stubbornly high prices and&hellip;\n","protected":false},"author":2,"featured_media":102175,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60,123],"class_list":["post-102174","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/102174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=102174"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/102174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/102175"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=102174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=102174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=102174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}