Posted on 10/29/2010 7:58:07 AM PDT by Qbert
U.S. consumer sentiment worsened more than expected in October, hitting its weakest level since November, with concern about the economy high leading into next week's election, a survey showed on Friday.
The Thomson Reuters/University of Michigan's final October reading on the overall index on consumer sentiment came in at 67.7, down from 68.2 in September and below the 68.0 median forecast among economists polled by Reuters.
Tuesday's congressional elections are expected to result in losses for the Democratic Party, at least partly because of high unemployment and consumers' views on how Democratic President Barack Obama is handling the economy.
Earlier this month, the survey showed consumers' assessments of government economic policies fell to the lowest level since Obama took office.
[Snip]
At the same time, the one-year inflation expectations measure rose to 2.7% from 2.2% in September, and the five-to-10-year inflation outlook index inched up to 2.8% from 2.7% in September.
(Excerpt) Read more at foxbusiness.com ...
“U.S. consumer sentiment worsened more than expected in October, hitting its weakest level since November, with concern about the economy high leading into next week’s election, a survey showed on Friday.”
Unexpected? Drink.
I had to stop drinking every time I saw 'unexpected' in the MSM. It was turning my liver into a cinder block.
Oh this is why we have scary airplane stories on the news today...
Hide the bad numbers and Obama’s complete failure on Jon Spewits show..
Donkey bloodbath. So cool.
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