U.S. consumer sentiment has reached its lowest point of the year, with even the end of a partial government shutdown failing to lift spirits. The latest Thomson Reuters/University of Michigan final consumer sentiment index registers 73.2, down sharply from 77.5 in September. "This political uncertainty is going to slow any momentum we've had in the past few months. If we come into December without any progress on a funding bill, consumers will start sitting on their hands, and that will mean a slower rebound in spending," said Millan Mulraine, director of U.S. rates research at TD Securities USA.
Published in Briefs: