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US consumer sentiment hits 3½‑year low as shutdown clouds outlook
U.
A survey tracking U.S. households found consumer sentiment plunged to 50.3 in early November, the weakest since 2022, as the prolonged government shutdown weighed on credit, benefits and job near‑term outlook.
At the same time, year‑ahead inflation expectations slipped to 3.2 %, while the probability of higher unemployment in 12 months rose to 42.5 %. The combination highlights rising caution among consumers even as spending plans remain resilient, complicating the policy path for the central bank.
The results underscore vulnerability in the recovery, especially if labour markets or fiscal support‐flows deteriorate.