The Zhitong Finance App learned that due to continued high prices and interest rates, US consumer confidence declined further in October to its lowest level in five months. Meanwhile, consumer expectations for future inflation have risen. Both short-term and long-term inflation expectations hit new highs since May, highlighting that inflationary pressure continues to erode the purchasing power of American households.

The Zhitong Finance App learned that due to continued high prices and interest rates, US consumer confidence declined further in October to its lowest level in five months. Meanwhile, consumer expectations for future inflation have risen. Both short-term and long-term inflation expectations hit new highs since May, highlighting that inflationary pressure continues to erode the purchasing power of American households.