U.S. Consumer Confidence Plummets Amidst Inflation, Government Shutdown

A new report from the University of Michigan reveals a significant drop in U.S. consumer confidence for November 2025, reaching its lowest point since June 2022. The decline can be attributed to persistent inflation and the prolonged government shutdown, impacting consumer expectations for employment and personal finances. While this dip has impacted consumer sentiment, major cryptocurrencies have shown muted reactions so far.