In October, inflation has consumers feeling more pessimistic than ever

Just two weeks before the midterm elections, Americans' concerns about the current status of the economy and inflation caused a dramatic decline in consumer confidence in October.

The Conference Board's measure of consumer confidence fell to 102.8 from 107.8 in September, primarily due to decreases in opinions of the current state of affairs. This indicator decreased from 150.2 a month earlier to 138.9 today.

After ....