US consumer sentiment falls slightly as outlook for inflation worsens
WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year.
The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March’s figure of 79.4. Sentiment is about halfway between its all-time low, reached in June 2022 when inflation peaked, and its pre-pandemic averages. The survey has been conducted since 1980.
“Consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy,” said Joanne Hsu, director of the consumer survey.
The index had dropped to 61.3 as recently as November before jumping in the following two months by the most in more than three decades. It has since moved mostly sideways.
Related articles
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
PHOENIX (AP) — The nonpartisan Commission on Presidential Debates, which has planned presidential fa2024-05-21Bradley Cooper branded 'desperate' after studio submits his TWO
Bradley Cooper has been branded 'desperate' after his one-minute and 56-second cameo in ABC hit seri2024-05-21- McDonald's UK have unveiled a brand new budget-friendly '3 for £3' menu, which lets you 'mix and mat2024-05-21
- LOS ANGELES (AP) — Shohei Ohtani delivered his second major league walk-off hit Sunday, a two-out si2024-05-21
Everybody may love Raymond, but Ray Romano loves Peter Boyle
NEW YORK (AP) — “Baffling” is how Ray Romano calls the continued success of “Everybody Loves Raymond2024-05-21Man City stars and their WAGs hit the tiles in style after historic Premier League title win
The Manchester City stars have hit the tiles in style after a record fourth Premier League title win2024-05-21
atest comment