In November, U.S. consumer confidence changed little, with clear partisan divisions

ChainCatcher news, this month American consumer confidence has changed little, overall, the stability of American consumer confidence this month masks the pattern of division between parties.

Similar to the situation in November 2020, this month the expectations index for Republicans soared, while the expectations index for Democrats declined, reflecting the differing views of the two parties on how Trump's policies will affect the economy. In contrast, changes in the current situation among political factions this month are minimal, which aligns with the fact that the election results had almost no immediate impact on the current economic situation.

Ultimately, there remains significant uncertainty regarding the future implementation of Trump's economic agenda, and consumers will continue to adjust their views in the coming months. The inflation expectation for the next year has slightly decreased from 2.7% last month to 2.6% this month. The current reading is the lowest since December 2020, falling within the range of 2.3%-3.0% seen in the two years prior to the pandemic. Long-term inflation expectations have risen from 3.0% last month to 3.2% this month.