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
Salma Hayek, 57, cuts a stylish figure in a khaki jacket as she enjoys a late
Salma Hayek looked effortlessly chic as she enjoyed a late-night meal with her husband François-Henr2024-06-03Midwest storms: Large hail, torrential rain and tornadoes and more is coming
OMAHA, Neb. (AP) — Residents in Omaha, Nebraska, awoke to weather sirens blaring and widespread powe2024-06-03- NEW YORK (AP) — Ty France hit a go-ahead RBI single in Seattle’s four-run ninth inning against relie2024-06-03
Kentucky congressman expects no voter fallout for his role in attempt to oust House speaker
LOUISVILLE, Ky. (AP) — Fresh off his role in a failed attempt to topple the House speaker, Republica2024-06-03- Girls Aloud fans took to social media to slam an overexcited spectator after Cheryl was nearly pulle2024-06-03
Germany and Real Madrid great Toni Kroos to retire after Euro 2024
MADRID (AP) — Toni Kroos will retire from soccer after trying to give Real Madrid yet another Champi2024-06-03
atest comment