Consumer Sentiment Slides as Inflation Fears Jump
By Tom Ozimek American consumers have grown more pessimistic as inflation fears surged to a 22-year high, flashing a warning sign for the U.S. economy. The University of Michigan’s closely watched consumer sentiment gauge fell by 4 percentage points in November, to a reading of 61.3 percent. The drop marks the fourth consecutive month of declines in the sentiment measure…
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