US consumer confidence just dropped 4.6 points to 88.7 in November — second lowest reading since December 2020.
Analysts were expecting 93.3. Reality? Way below that.
The present situation index? Down 4.3 points to 126.9. That's the second-weakest we've seen since 2021.
Two-tier economy vibes are real.
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SandwichDetector
· 6h ago
Stop talking nonsense. The K-shaped divergence has already been made clear. The rich are getting richer, while the lives of ordinary people will only become more difficult.
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CoffeeNFTs
· 6h ago
Wow, this data is really outrageous... It's getting harder for ordinary people.
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MondayYoloFridayCry
· 6h ago
This number is ridiculously off... the underlying layer is really being crushed.
K-shaped economy getting worse by the day.
US consumer confidence just dropped 4.6 points to 88.7 in November — second lowest reading since December 2020.
Analysts were expecting 93.3. Reality? Way below that.
The present situation index? Down 4.3 points to 126.9. That's the second-weakest we've seen since 2021.
Two-tier economy vibes are real.