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U.S. consumer sentiment fell to a 73-year low in October amid inflation and job market worries, yet spending stayed strong.
U.S. consumer sentiment dipped slightly to a preliminary 55 in October, one of the lowest levels since 1952, driven by ongoing inflation concerns and a weakening job market, according to the University of Michigan.
Despite a 10-day government shutdown disrupting economic data collection, including the October jobs report, sentiment remained relatively stable, with no major shift in public perception.
While inflation expectations stayed elevated, spending remained resilient, supported by a strong labor market and stock market gains.
Economists warn prolonged shutdowns could worsen economic uncertainty, but for now, consumer outlays continue despite widespread financial anxiety.
El sentimiento del consumidor estadounidense cayó a un mínimo de 73 años en octubre en medio de la inflación y las preocupaciones del mercado laboral, sin embargo, el gasto se mantuvo fuerte.