Consumer sentiment hits 10-year low while workers quit jobs in record numbers

CNBC/Jeff Cox/11-12-2021

“The survey showed 1 in 4 consumers reducing their living standards due to price increases, while half of all families anticipated reduced real income in the year ahead when adjusted for inflation.”

Consumer Sentiment Index
(University of Michigan, 2012-2021)
bar chart showing the University of Michigan Consumer Sentiment Inex at 10 year low

Chart courtesy of TradingEconomics.com

USAGOLD note: Not a very comforting scenario …… This article emphasizes inflation as the reason for plunging consumer confidence, but we see it as a warning shot across the Fed’s bow on anything resembling tighter monetary policy.

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