Following is a summary of current US domestic news briefs. US consumer sentiment near record low as frustration over economy mounts US consumer sentiment slumped further in early October as the rising cost of living because of the Middle East conflict soured households' views of the economy, more bad news for President Donald Trump ahead of the November 3 midterm elections. The University of Michigan's Surveys of Consumers was the latest in a series of recent polls to capture the darkening mood among Americans, who are being squeezed by high inflation and borrowing costs. Trump's approval rating is at the lowest of his political career amid angst over his handling of the economy. What do US politicians agree on? Inflation is the other party’s fault: Marty Fridson Cost of living concerns in the US are very real, but the debate about affordability involves statistics that often aren’t as straightforward as they seem. The personal consumption expenditures (PCE) data released on Wednesda...
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