Consumer Confidence Dips Amid Government Shutdown

Consumer confidence plummets in November, with the Conference Boards index dropping to 88.7, the second-lowest since April. This decline, driven by concerns over high costs and slow job growth, is a cause for political concern as its widespread and particularly pronounced among independent voters. Retail sales also slowed in September, and economists now predict a weaker performance in the final quarter of the year, largely due to the recent government shutdown. This underscores how various factors, from political events to everyday expenses, can significantly influence public sentiment about the economy. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.