U.S. Consumer Sentiment Plummets in November, Inflation Expectations Mixed

Key TakeawaysU.S. Michigan Consumer Sentiment sharply declined in November to 50.3, significantly missing both previous readings and analyst expectations, signaling growing consumer pessimism.Short-term inflation expectations for the next year edged higher to 4.7%, while longer-term 5-year inflation expectations eased slightly to 3.6%.Major U.S. stock indices, including the Nasdaq, Dow Jones, and S&P 500, opened lower following the release of the disappointing consumer data.UBS raised its price target for p ...