Consumer sentiment in the United States has fallen significantly, reaching near-record lows as consumers grapple with higher prices and decreased incomes. The latest University of Michigan Consumer Sentiment Index recorded a value of 51, slightly above expectations but indicative of ongoing economic frustration among Americans. The report highlights that confidence dipped due to falling stock markets and high retail prices, leaving many consumers feeling crunched as they approach the holiday season. Despite some fluctuations and minor improvements in sentiment post-shutdown, the overall mood remains gloomy, with economic confidence sitting at historic lows.