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What We Are Following in the News

Consumer sentiment slumps to 3-year low on shutdown, economy fears. The decline in consumer sentiment this month spanned all population categories, including age, income and political affiliation, the University of Michigan found. https://buff.ly/OZVvJj3

How consumers will get through the holidays. Inflation, tariffs and unemployment are taking a toll on shoppers, affecting how they will spend this year. https://buff.ly/PEsVOVr

The record number of Americans falling behind on car payments is stoking concerns that more pain is in store for subprime auto lenders. The share of risky borrowers at least 60 days past due on their auto loans rose to 6.65% in October, the highest in data going back to 1994, according to Fitch Ratings. https://buff.ly/4OgNrHY

President Donald Trump signed an executive order Friday to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits. It’s part of a response to pressure from consumers who complain prices are too high. https://buff.ly/2QzwSjc

Raising kids is too expensive, most Americans say in new survey. Seven in 10 respondents said raising children is too expensive, a notable jump from 2024, according to an annual public opinion survey on U.S. family life. https://buff.ly/X9jm6Oa

Economic uncertainty throws off folding carton market. Dented consumer confidence, spurred by tariffs and inflation, has led to a drop in demand and shipments. https://buff.ly/9nl8Y6A