On the tips of our toes 😬

⚠️Feeling confident lately? Most US consumers aren’t: confidence fell in October more than expected! 

• The scenario reveals how high prices and fears of recession are leaving everybody on the tips of their toes. And with just two weeks until midterm elections, President Joe Biden has to keep an eye on this situation. 

• The main drivers for the concerns about inflation are gas and food prices (no surprises here). The job market is to blame too, and vacation intentions have retreated. However, buying plans for cars, homes, and major appliances have risen.

🔍 Read more details here (in the next piece of news in this edition too).