{"id":180878,"date":"2025-10-24T14:17:01","date_gmt":"2025-10-24T14:17:01","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2025\/10\/24\/consumer-confidence-dipped-in-october-as-inflation-concerns-persist\/"},"modified":"2025-10-24T14:17:01","modified_gmt":"2025-10-24T14:17:01","slug":"consumer-confidence-dipped-in-october-as-inflation-concerns-persist","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2025\/10\/24\/consumer-confidence-dipped-in-october-as-inflation-concerns-persist\/","title":{"rendered":"Consumer confidence dipped in October as inflation concerns persist"},"content":{"rendered":"
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Consumer confidence slid for the third month in a row, new data shows, a sign that Americans’ view of the economy is dimming in the face of a weakening labor market and stubborn inflation.<\/p>\n

The University of Michigan’s October sentiment index, released Friday, shows consumer sentiment decreased by 1.5% on a monthly basis to 53.6%.\u00a0<\/p>\n

The closely watched consumer sentiment index \u00a0gauges Americans’ outlook on the job market, wages, inflation, business conditions and personal finances on a monthly basis.<\/p>\n

“It’s the only piece of data that we get in the absence of how consumers are spending,” EY-Parthenon Chief Economist Greg Daco told CBS News.<\/p>\n

The snapshot of consumer sentiment comes after the Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) \u2014 the first piece of federal economic data Wall Street has gotten since the\u00a0government shutdown<\/span> began on Oct. 1.\u00a0<\/p>\n

The latest CPI data shows that\u00a0climbed at annual rate of 3% in September<\/span>, below economists’ expectations but still above the Federal Reserve’s annual 2% target. The inflation reading will be a crucial factor in the Fed’s federal fund rate decision next week. <\/p>\n

\u2014 This is a developing story and will be updated<\/em><\/p>\n

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\n Edited by<\/p>\n

Alain Sherter and <\/p>\n

Anne Marie D. Lee\n <\/p>\n<\/section>\n

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