U.S. Consumer Sentiment Holds Steady Amid Ongoing Labor Market Concerns

U.S. consumer sentiment remained stable in October despite a partial government shutdown, although concerns over Inflation and labor market instability persist among households.

• The University of Michigan reported steady consumer sentiment in October, indicating households are largely unaffected by the recent partial government shutdown.
• Concerns about Inflation and declining job prospects continue to dominate consumer attitudes, reflecting ongoing economic apprehension in the U.S.
• Interviews conducted by the University of Michigan showed that the government shutdown has not significantly altered consumers perceptions or spending behaviors.