"While current and expected personal finances both improved modestly this month, the long-run economic outlook slid 12 percent, in part due to growing concerns about the negative effects of high interest rates."

Joanne Hsu, director of the University of Michigan's Surveys of Consumers, commenting on consumers’ inflation concerns in November. She added, "Ongoing wars in Gaza and Ukraine weighed on many consumers as well." Read the Reuters article, “U.S. Consumer Sentiment Drops Again in November, Inflation Expectations Rise.”