US Consumer Sentiment Declines Amid High Price Concerns

The University of Michigan's index shows a drop in consumer confidence as Americans express frustration over persistent inflation.

The University of Michigan's consumer sentiment index fell to 68.9 in October from 70.1 in September.
This decline comes after two months of modest gains in consumer confidence.
High prices continue to be a significant concern for consumers, affecting their economic outlook.
Republicans reported a more pronounced drop in sentiment compared to Democrats.
With the upcoming presidential election, many consumers are withholding judgment on the economy's future trajectory.