by: xpoolPosted on:

U.S. Consumer Confidence Plummets Amid Rising Inflation Worries

New data reveals a concerning trend within U.S. consumer sentiment. The University of Michigan’s latest survey indicates a significant dip in consumer confidence, falling to 50.8 from the previous reading of 57.0. This marks its lowest point in nearly three years. Furthermore, inflationary expectations for the coming year have soared to 6.7%, adding fuel to the fire of uncertainty for consumers and investors alike.

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