Investopedia news from Terry Lane, published in Nov.10th 2023 https://www.investopedia.com/nterest-rates-inflation-push-consumer-sentiment-lower-for-4th-straight-month-8400535
What would happen when interest rates and inflation combine? What will happen to the customers? Although expected, consumers could not be optimistic and started to concern about the negative impacts of high interest rate and inflation that can affect them. The consumer sentiment index, which is a statistic to determine how consumers worry about economical problems, have drastically dropped below the expectations.