What's Behind the Surprise Drop in US Consumer Sentiment?

Joanne Hsu, who directs the University of Michigan consumer sentiment survey, says consumers remain frustrated by the persistence of high prices, but they're benefiting from labor markets that remain relatively strong. Those two factors are offsetting each other, Hsu tells Bloomberg's Mike McKee, and the unexpected drop in the October sentiment index actually reflects little change in underlying conditions.
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[patriotsouthern]

I thought Bloomberg was supposed to be intelligent people

[jaym]

I luv flashing my 21% platinum at the mall.

[Hot_Stank]

Well I steal Toilet Paper from my employer, so there is

[jamesbillingsby]

"The surprise drop in consumer sentiment "

Really, it's a surprise consumers are going to spend less after decades of low wages and illegal prices gouging.

I'm happy to be in this simulator

[Fgji]

It's the end of free money. That has people pulling back. It's a good thing.

[topsingles]

consumer spending is very strong! interest rates are dropping.wages are beating inflation.the fed has inflation under control, it is very low now, and consumers are getting the upper hand.

[Patrick-yhyd]

She was in high school in 2009. She is told what to say like Kamala Harris is.

[peterponcedeleon]

The economy is doing great!!!!🤣 Gig jobs for everyone, UBER, Door Dash and bartending is the new American dream!

[notgonnalie-oyf]

oh, has white hair!!!! my idol!!! please take care of yourself. don't drink alcohol, sleep well and don't stress out.

[TJH]

What’s behind it? We’re out of money lol.