Michigan survey shows October consumer sentiment held near 48
The University of Michigan’s final October sentiment index was 48.0, a tenth of a point under September. Year-ahead inflation expectations rose to 4.7%.
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Personal Finance news hub
Housing, borrowing, saving and household budgets: sourced reporting on the surveys and data that shape everyday money decisions. Context, never personal advice.
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Michigan survey: 85% called it a bad time to buy a house
In the October Surveys of Consumers, 85% said it was a bad time to buy a home, and 62% of them blamed high interest rates, the university reported.