JSML - Consumer Confidence Edged Lower In November

• The present-situation component decreased 3.0 points to 142.5 while the expectations component lost 1.4 points, taking it to 87.6.
• While price increases have been seen across a variety of consumer goods and services since the onset of the pandemic, historically, gasoline prices and grocery prices have likely had a substantial influence on consumers’ inflation expectations.
• On the positive side, consumers’ views of the labor market remained strong as the jobs hard to get index rose just 0.1 point while the jobs plentiful index rose 3.2 points, putting the net up 3.1 points.

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