Consumer Sentiment in U.S. Eases From Highest Since 2004
Shoppers view a holiday window display at a Macy's store in New York on Nov. 13, 2017.
Photographer: Idris Talib Solomon/BloombergThis article is for subscribers only.
Consumer sentiment cooled from a 13-year high in November while remaining at levels that signal Americans will open their wallets for holiday purchases, a University of Michigan survey showed Wednesday.
While the decline reflects an easing of confidence in both consumers’ current financial situation and their expectations, sentiment still matches the second-highest level since 2004. Respondents are voicing more certainty about the outlook for incomes, employment and inflation, according to the survey.