[U.S. November University of Michigan Consumer Sentiment Index Drops to 50.3, Second Lowest in History] Odaily Planet Daily News: The Kobeissi Letter posted on the X platform stating that the U.S. November University of Michigan Consumer Sentiment Index fell by 3.3 points to 50.3, marking the second lowest in history, below the expected 53.0, and has declined for the fourth consecutive month. The Current Conditions Index dropped by 6.3 points to 52.3, hitting a record low. The Consumer Expectations Index fell by 1.3 points to 49.0, the third lowest since July 2022. The current Consumer Sentiment Index is lower than all historical recession periods, including 2008.