U.S. Consumer Sentiment Plummets Amid Ongoing Government Shutdown
Consumer sentiment in the United States has fallen to a near-record low, with the latest data from the University of Michigan revealing a drop to 50.3 in November, down from 53.6 the previous month. This decline reflects growing economic pessimism as worries over the ongoing government shutdown intensify. Many Americans are expressing anxiety regarding the economic impacts of the shutdown, leading to an overall decrease in consumer confidence. The stock market has also reacted negatively, with significant drops in major indices. Economic indicators suggest that consumer sentiment is at its lowest level in over three years, raising concerns among investors and economists alike.
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