Marketplace Consumer sentiment hits three-year low
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Nov 7, 2025 Heather Long, Chief Economist at Navy Federal Credit Union, analyzes the troubling drop in consumer sentiment to its lowest level in three years, revealing that this decline is felt widely—except among the wealthiest Americans. Carla Javier shares insights from the University of Michigan survey, highlighting how economic mood reflects a K-shaped recovery. Meanwhile, Henry App discusses the pressures on higher education, with colleges closing satellite campuses due to dwindling enrollment and rising costs. It's a deep dive into the interconnected challenges facing consumers and institutions.
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Labor Market: Frozen But Not Collapsing
- Recent private indicators show the labor market deteriorating slowly with hiring down and unemployment edging up.
- Heather Long says the labor market is 'frozen' with no big layoffs but clear sectoral weakness.
Plan For Persistent Tariff Uncertainty
- Small businesses should plan for ongoing tariff-related uncertainty even if a court limits current measures.
- Heather Long warns firms won't get full relief because the administration may deploy other trade tools.
Two-Story Economy Splits Fed Views
- The Fed is split because the economy feels like two stories: strong top-end activity and a weaker labor market below.
- That divergence complicates decisions on cutting or holding interest rates into 2026.