US consumer confidence was almost unchanged in October, according to data published today, with Americans flagging the government shutdown as a key concern.<\/p>\n
Non-essential US government services have been halted and many federal employees asked to work without pay since October 1 amid an ongoing standoff between Republicans and Democrats over health care subsidies.<\/p>\n
The Conference Board’s consumer confidence index slipped 1.0 in October to 94.6, from an upwardly revised 95.6 in September.<\/p>\n
This was slightly better than expected, according to surveys of economists conducted by Dow Jones Newswires and The Wall Street Journal.<\/p>\n
“Consumer confidence moved sideways in October, only declining slightly from its upwardly revised September level,” Conference Board senior economist Stephanie Guichard said in a statement.<\/p>\n
“Changes to the individual subcomponents were also limited and largely cancelled each other out,” she added, noting that the ongoing shutdown had been mentioned multiple times as “a key concern.”<\/p>\n
Average 12-month inflation expectations crept up to 5.9% from 5.8% in September, still uncomfortably high and significantly above the Federal Reserve’s long-term 2% target.<\/p>\n","protected":false},"excerpt":{"rendered":"US consumer confidence was almost unchanged in October, according to data published today, with Americans flagging the government…\n","protected":false},"author":2,"featured_media":108639,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-108638","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/108638","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=108638"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/108638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/108639"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=108638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=108638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=108638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}