The University of Michigan consumer sentiment index fell nearly 10 points in May to hit 67.4, its lowest reading since November and the steepest decline in the survey in nearly three years.
Big retailers have begun to sense more caution from customers, particularly those with lower incomes, who are pulling back on ...
The drop in overall consumer sentiment occurred across age, income, and education levels, the survey found. It also crossed political lines, falling among Democrats, Republicans and independents.
The consumer sentiment survey found that Americans expect inflation will stay higher over the next year at 3.5%. Before the pandemic, consumers typically expected inflation a year ahead would be below ...
Consumer sentiment fell for the fourth month in a row in May, new data shows. The latest consumer sentiment index from the ...