Sentiment among United States consumers has dipped to a point not observed since 2014, a decline that proved sharper than analysts predicted. This drop reflects a deterioration in assessments regarding both existing circumstances and the outlook for the future. Consequently, the domestic economic landscape remains defined by a paradox. While GDP growth has delivered positive surprises, it stands in stark opposition to this falling confidence. The divergence is largely powered by a disconnect between employment and growth, compounded by lingering stress regarding high prices.

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