Not sure if this has more weight than actual economic data, but regardless the current consumer sentiment is already baked in. People may think the economy is bad, but they’re spending like it’s good, and that’s the real benchmark.
And even with lower consumer sentiment, Biden is still competitive. Barring an economic crash, this election won’t be fought over the economy. It matters, but as 2022 showed (when inflation and economic uncertainty was even higher) other issues mattered just as much if not more.
Consumer confidence in conference board shows that people are planning to cut spending on restaurants. As well as actual earnings from a lot of corporations in this area.
