Consumers Remain Pessimistic About the Future—Even as They Continued To Spend

Consumers Remain Pessimistic About the Future—Even as They Continued To Spend

“October’s retreat reflected pullbacks in both the Present Situation and Expectations Index. Write-in responses showed that consumers continued to be preoccupied with rising prices in general, and for grocery and gasoline prices in particular” said Dana Peterson, Chief Economist at The Conference Board.