Consumer sentiment, Iran war
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Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.
US consumer sentiment slid to a three-month low in March and year-ahead inflation expectations jumped as the war in the Middle East drives up gasoline prices.
The war in Iran over the last four weeks has sent consumer sentiment into a deep dive. The University of Michigan’s monthly survey shows a 6% decline in March. What consumers have been saying and what they’ve been doing have been very different in ...
Consumer sentiment plunged nearly 11% in April to its lowest level on record, a decline driven largely by the outbreak of the Iran conflict. The Michigan Consumer Sentiment Index fell 5.7 points to 47.6 this month, missing the 51.6 forecast.