• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Consumer Sentiment Slips to Decade-Low on Inflation Woes

November 12, 2021 by Forex Winner Leave a Comment

Consumer Sentiment Slips to Decade-Low on Inflation Woes

Source: University of Michigan

Consumer sentiment slipped to a decade-low in early November, dragged by concerns over the ongoing uptick in inflation.

  • The Consumer Sentiment Index stood at 66.8, down 6.8% from October’s 76.9 and 13.1% lower than the 76.9 the same month last year.
  • The Current Economic Conditions indicator was recorded at 73.2, down 5.8% from 77.7 in October and 15.9% from 87.0 in November 2020.
  • The Index of Consumer Expectations was 62.8, down 7.5% from 67.9 in October and 10.9% from 70.5 a year ago.
  • Chief Economist Richard Curtin attributed the decline to the escalating inflation rate and concerns that policies have yet to address the issue.
  • Curtin said half of all families expect a decline in real incomes in 2022 due to inflation-adjusted gains.
  • Rising prices for homes, vehicles, and durables were also reported more often than any other time in over 50 years.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

June 16, 2022

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

June 16, 2022

Footer

Forex Broker Reviews

Vantage FX

Vantage FX Review

August 15, 2019 By Forex Winner

IG Group

IG Review

May 20, 2020 By Forex Winner

Interactive Brokers

Interactive Brokers Review

November 12, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure