US Consumer Sentiment Reaches Near-Record Low in October

U.S. consumer sentiment declined to 46.3 in October 2026, marking its second-lowest recorded level. This drop, as measured by the University of Michigan's Index, reflects widespread pessimism regarding household finances and the broader economy, with consumers anticipating 4.7% inflation over the next year. The significant fall raises concerns for investors, given consumer spending's substantial contribution to the gross domestic product.