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Macro
US Consumer Confidence Falls to Near Four-Year Low of 88.7
12/02/2025, 20:06
AI SUMMARY
●US Consumer Confidence drops to 88.7 in November, missing expectations
●Reading marks the second-lowest level for the index since December 2020
●Data points to weakening consumer sentiment amid economic divergence
Data reported by The Kobeissi Letter indicates that US Consumer Confidence fell to 88.7 in November, significantly missing expectations of 93.3. This reading marks the second-lowest level for the index since December 2020, highlighting growing economic pessimism among consumers.
The Present Situation Index also saw a decline, dropping to 126.9. These figures suggest a widening divergence in the economy, often referred to as a "K-shaped" recovery, where consumer sentiment continues to deteriorate despite strength in other financial sectors.