Consumers grew somewhat more optimistic about the future of the economy in November as expectations about inflation improved, but their sense of the current state of affairs worsened a bit.
Still, two-thirds of consumers surveyed still expect a recession to be “somewhat” or “very likely” within the next 12 months.
However, that is well above current inflation of 3.2% and forecasts from the Federal Reserve and mainstream economists.
In the peak hour from 10 p.m. to 11 p.m. EST, consumers spent $15.7 million a minute, according to online analytics firm Adobe.
One thing that might make some consumers happy is that home prices continued to increase in September.
”, Dana Peterson, ” Peterson, Jeffrey Roach, Craig J, Lazzara, Lisa Sturtevant
Conference, Federal Reserve, LPL, “, Adobe, MLS
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