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From Reflection To Retreat: RCM/TIPP Economic Optimism Index Drops Sharply In November

The November reading of 43.9 marks a steep 9% monthly decline and a widening gap between investors and non-investors.

Food prices have increased nearly 30% since 2020 according to the Bureau of Labor Statistics. Photo by Robert Nickelsberg/Getty Images

Consumer sentiment weakened in November, as the RealClearMarkets/TIPP Economic Optimism Index, the first monthly read on U.S. consumer confidence, declined from 48.3 in October to 43.9 - a sharp 4.4-point (9.1%) drop. This marks the third consecutive month the Index has remained below the neutral 50 benchmark, signaling continued pessimism.

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