Economic Confidence Drops To 3-Year Low As Americans Worry About Government Shutdown
1. Consumer sentiment dropped to 50.3 in November, a three-year low. 2. Expectations on economic conditions fell 6.3 points, reflecting growing pessimism. 3. Consumers anticipate rising prices at a 3.6% annual rate over the next decade. 4. Concerns about job security have increased to the highest level since March. 5. A prolonged government shutdown is contributing to economic worries among consumers.