Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Consumer Sentiment Dips
Reuters via Fox Business ^ | 10/29/2010 | Reuters

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: consumers; economy; obamanomics; recession

1 posted on 10/29/2010 7:58:11 AM PDT by Qbert
[ Post Reply | Private Reply | View Replies]

To: 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.”

Unexpected? Drink.


2 posted on 10/29/2010 7:58:59 AM PDT by EQAndyBuzz (Remember March 23, 1775. Remember March 23, 2010)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EQAndyBuzz
Unexpected? Drink.

I had to stop drinking every time I saw 'unexpected' in the MSM. It was turning my liver into a cinder block.

3 posted on 10/29/2010 8:29:00 AM PDT by dirtboy
[ Post Reply | Private Reply | To 2 | View Replies]

To: Qbert

Epic Hussein Failure!
4 posted on 10/29/2010 8:35:00 AM PDT by Recovering_Democrat
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

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..


5 posted on 10/29/2010 9:32:08 AM PDT by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

Donkey bloodbath. So cool.


6 posted on 10/29/2010 11:34:18 AM PDT by Freedom_Is_Not_Free (I am having the best Depression, ever!)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson