High prices and high interest rates continue to weigh! U.S. consumer confidence fell to a five-month low in October, inflation expectations hit their highest since May.

Zhitong Finance APP has learned that, affected by persistently high prices and interest rates, U.S. consumer confidence further declined in October, falling to its lowest level in five months. At the same time, consumers' expectations for future inflation rose, with both short-term and long-term inflation expectations hitting new highs since May, highlighting that inflationary pressure continues to erode the purchasing power of American households.