A new University of Michigan report shows Americans are feeling worse about the economy as costs keep rising, from fuel to food. Joanne Hsu, director of the University of Michigan Survey of Consumers, said consumers currently feel as negative about the economy as they did at the height of post-pandemic inflation in 2022, with measurements near historic lows. She said tariffs and the war in Iran have contributed to consumer concerns about where inflation is headed and whether relief will come. Views on the outlook are mixed, with some people hopeful ahead of the midterms and others more cynical, while high costs are affecting personal lives.
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Original headline: Consumer sentiment nears historic low , University of Michigan study finds
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| Market | US stocks |
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| Close on 10/23/2026 | 759.85 |
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