{"id":278404,"date":"2025-11-08T02:17:10","date_gmt":"2025-11-08T02:17:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/278404\/"},"modified":"2025-11-08T02:17:10","modified_gmt":"2025-11-08T02:17:10","slug":"u-s-consumer-sentiment-index-hits-new-lows","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/278404\/","title":{"rendered":"U.S. Consumer Sentiment Index Hits New Lows"},"content":{"rendered":"<p>In the absence of government data, we can look to private surveys to assess the economy.\u00a0 Here\u2019s the link to the latest\u00a0<a href=\"https:\/\/www.sca.isr.umich.edu\/\" target=\"_blank\" rel=\"nofollow noopener\">Michigan Consumer Sentiment Index<\/a>, with the latest data coming in worse than during the pandemic in 2020 and during the post-pandemic inflation surge\/Russian invasion of Ukraine in 2022:\u00a0<a href=\"https:\/\/www.sca.isr.umich.edu\/\" target=\"_blank\" rel=\"nofollow noopener\">www.sca.isr.umich.edu<\/a><\/p>\n<p>On the economy, Trumpism has been good for AI, crypto, scams, fraud and the enshittification of everything, but bad for prices, jobs, and pretty much everything else.<\/p>\n<p>Update: More News Stories are starting to come in. Here\u2019s CNBC:\u00a0<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/11\/07\/consumer-sentiment-shutdown.html\" target=\"_blank\" rel=\"nofollow noopener\">www.cnbc.com\/\u2026<\/a><\/p>\n<p>Consumer sentiment nears lowest level ever as worries build over shutdown<\/p>\n<p>Published Fri, Nov 7 202510:10 AM ESTUpdated 11 Min Ago<\/p>\n<p>Key Points<\/p>\n<p>\tWorries over the government shutdown surged in the early part of November, pushing consumer sentiment In to its lowest in more than three years and just off its worst level ever, according to a University of Michigan survey Friday.<br \/>\n\tThe current conditions index slid to 52.3, a drop of nearly 11% from last month, while the future expectations measure fell to 49.0, down 2.6%. On a year-ago basis, the two measures respectively slumped 18.2% and 36.3%.<\/p>\n<p>Pretty lousy message on the economy, even from the usually gung-ho business media.<\/p>\n","protected":false},"excerpt":{"rendered":"In the absence of government data, we can look to private surveys to assess the economy.\u00a0 Here\u2019s the&hellip;\n","protected":false},"author":2,"featured_media":278405,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-278404","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/278404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=278404"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/278404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/278405"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=278404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=278404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=278404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}