The recent increase in Australian interest rates has led to concerns among consumers about their household finances and the rising cost of living. As a result, consumer sentiment has sharply declined in November, reaching deeply pessimistic levels. The Westpac-Melbourne Institute Index of consumer sentiment dropped by 2.6% to 79.9 in November, down from 82 in October. This … [Read more...] about Australian Consumer Sentiment Falls as Interest Rates Rise
Household Finances
Americans’ Optimism about Inflation and Job Security
The latest monthly survey of consumers conducted by the Federal Reserve Bank of New York reveals a slightly improved outlook on inflation for Americans. However, job security remains a concern for many. Inflation Expectations In November, consumers predicted a 3.4% inflation rate for the upcoming year, showing a decrease of 0.2 percentage points from their expectations in … [Read more...] about Americans’ Optimism about Inflation and Job Security
