Consumer Sentiment in U.S. Remained Elevated Before Elections
(Bloomberg) -- U.S. consumer sentiment remained elevated before this week’s midterm elections amid improved finances, though higher interest rates are dimming views of car and home purchases, according to a University of Michigan survey Friday.
The university’s sentiment index fell to 98.3 in a preliminary reading from 98.6 in October. That compared with the median estimate of 98 in a Bloomberg survey of economists.