Marketplace All-in-One Consumer sentiment hits three-year low
Nov 7, 2025
Heather Long, Chief economist at Navy Federal Credit Union, sheds light on macroeconomic risks and the current labor market. Carla Javier discusses alarming declines in consumer sentiment, highlighting a K-shaped trend among different demographics. Small business owner Ariel Bonkoski shares how the demand for her foraging classes has shifted post-COVID. Lastly, Henry App reveals how colleges are closing satellite campuses due to declining enrollments and the rise of online programs, reflecting significant changes in education.
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Labor Market Showing Slow Deterioration
- The labor market looks frozen: hiring stagnant outside health care and unemployment ticking up slightly.
- Heather Long warns this slow deterioration risks broader weakness if a shock hits.
Two-Story Economy Splits The Fed
- The Fed is split because the economy has two contrasting stories: strong top-end growth versus weak labor market.
- Heather Long says this two‑story economy helps explain the Fed's divided stance.
Plumbing Risks Could Trigger Shocks
- Major looming risks include Fed policy mistakes and strains in financial plumbing from balance-sheet moves.
- Heather Long warns those plumbing shocks could cause the next market jolts.