University of Michigan Survey Reveals Slowing Consumer Sentiment Amid Inflation Fears
The University of Michigan’s closely watched Survey of Consumers reported a reading of 57.0 for the month, down 11.9% from February and 28.2% from last year. Economists had expected a slightly higher number. Inflation concerns drove much of the decrease in consumer sentiment. Respondents now expect inflation to reach 5% in a year, a 0.1 … Read more