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U.S. consumer sentiment dropped in October due to ongoing inflation worries and weaker outlooks, despite minimal awareness of the recent government shutdown.
U.S. consumer sentiment fell to 53.6 in October, revised down from a preliminary 55.0, marking the third consecutive monthly decline.
Weaker assessments of current conditions and lower future expectations drove the drop, with inflation concerns persisting—year-ahead expectations held at 4.6% and long-term expectations rose to 3.9%.
Minimal awareness of the recent federal shutdown was reported, with only 2% mentioning it.
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La confianza del consumidor estadounidense cayó en octubre debido a las continuas preocupaciones de inflación y perspectivas más débiles, a pesar de la mínima conciencia del reciente cierre del gobierno.