US ELECTION: Inflation! Shopping in the States! “A loaf of bread for five dollars!”

US ELECTION: Inflation! Shopping in the States! “A loaf of bread for five dollars!”
Consumer sentiment in the US has surprisingly brightened shortly before the presidential election. The barometer for consumer sentiment rose to 108.7 points in October from 99.2 points in September, according to the Conference Board Institute's survey on Tuesday. “Consumer confidence posted its strongest monthly gain since March 2021,” said the institute's chief economist, Dana Peterson. Economists surveyed by the Reuters news agency had only expected the index to rise to 99.5 points.
Consumers assessed their own economic situation more favorably. “For the first time since July 2023, they were also cautiously optimistic about the future availability of jobs,” Peterson said. They were also more positive than before about their future income prospects.
Politicians, financial markets and economists are eagerly awaiting next Tuesday's US presidential election between Democratic Vice President Kamala Harris and Republican former President Donald Trump. The outcome is considered to be open. Polls in the key states show a neck-and-neck race.
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Video created in 2024