{"id":650390,"date":"2026-10-10T08:20:11","date_gmt":"2026-10-10T08:20:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/650390\/"},"modified":"2026-10-10T08:20:11","modified_gmt":"2026-10-10T08:20:11","slug":"us-consumer-sentiment-continues-to-fall-in-october","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/650390\/","title":{"rendered":"US consumer sentiment continues to fall in October"},"content":{"rendered":"

U.S. consumer sentiment kept falling in October, according to preliminary data released Friday from the University of Michigan, as households grew more pessimistic about the broader economic outlook.<\/p>\n

The widely watched Consumer Sentiment Index has weakened to 46.3 from the final reading of 48.1 in September, missing economists’ expectations and falling for a third consecutive month.<\/p>\n

The Current Economic Conditions Index dropped to 44.7 from the final reading of 50.9 in September, while the Expectations Index rose to 47.3 from 46.3.<\/p>\n

The one-year inflation expectations ticked up from 4.6 percent in September to 4.7 percent in October, substantially exceeding the 3.4 percent seen in February before the Iran conflict began. The five-year inflation expectations also stepped up from 3.4 percent to 3.5 percent. Inflation expectations over both time horizons increased for the second straight month to their highest readings since May.<\/p>\n

The survey found that consumers across the political spectrum believe that the trajectory of the economy has weakened since the beginning of the year, and frustration over cost-of-living continues to mount.<\/p>\n

Overall, sentiment for lower-income consumers and those with smaller stock portfolios dropped steeply this month, groups that have fewer resources to weather increases in prices.<\/p>\n


\n \"US<\/p>\n

US consumer sentiment continues to fall in October<\/p>\n

<\/a><\/p>\n

The total debt of the U.S. federal government has climbed to approximately 41 trillion U.S. dollars, Treasury Secretary Scott Bessent said at a policy forum in Washington on Friday.<\/p>\n

Bessent said that the U.S. government is formulating a fiscal consolidation plan to reduce its growing federal budget deficit and ease pressure from issuing national debt.<\/p>\n

This plan is expected to be announced after the November 3 midterm elections, according to Bessent.<\/p>\n


\n \"US<\/p>\n

US national debt reaches nearly 41 trln USD: treasury secretary<\/p>\n

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