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Us Consumer Sentiment

All articles tagged with #us consumer sentiment

economy1 year ago•1 min saved

"Rising Inflation Fears Drive Sharp Decline in US Consumer Sentiment"

US consumer sentiment and Americans' view on the economy both fell more than expected in April, as inflation expectations rose, with the University of Michigan's consumer sentiment index dropping to 77.9. The survey's reading of one-year inflation expectations increased to 3.1% in April from 2.9% in March, reflecting frustration that the inflation slowdown may have stalled. This comes as the Consumer Price Index rose for the third straight month to 3.5% from a year ago, and inflation has remained well above the Federal Reserve's 2% target for more than two years.

via Fox Business|

#economy #inflation #inflation-expectations

economy2 years ago•2 min saved

US Consumer Sentiment Continues to Decline Amid Lingering Inflation Concerns

US consumer sentiment has dropped for the fourth consecutive month in November, while inflation expectations have risen, according to the University of Michigan's consumer survey. Consumers anticipate inflation to accelerate to 4.5% over the next year and 3.2% over a five-year horizon, the highest level since 2011. Despite the recent slowdown in inflation, consumers remain concerned that it could reverse in the future. The burden of inflation is disproportionately affecting low-income Americans, who struggle to cope with rising prices for everyday necessities.

via Fox Business|

#consumer-survey #economy #inflation-fears

economy2 years ago•3 min saved

US Consumer Sentiment Drops Amid Economic Worries and Debt Ceiling Debacle.

US consumer sentiment dropped to a six-month low in May due to concerns over the political haggling over raising the federal government's borrowing cap, according to the University of Michigan's survey. The survey also showed consumers' long-term inflation expectations jumping this month to their highest reading since 2011. The non-partisan Congressional Budget Office warned on Friday that the nation faced a "significant risk" of defaulting on payment obligations within the first two weeks of June without a debt ceiling increase.

via Reuters|

#debt-ceiling #economy #federal-reserve

economy2 years ago•1 min saved

US Consumer Sentiment Plummets Amid Economic Concerns and Inflation Fears

US consumer sentiment fell to a six-month low in May, with the University of Michigan's preliminary reading on the overall index of consumer sentiment coming in at 57.7, down from 63.5 in April. The reading of one-year inflation expectations dipped to 4.5% this month, while its five-year inflation outlook rose to 3.2%, the highest reading since 2011. The drop in sentiment was attributed to worries about the economy's outlook amid the debt crisis standoff and negative news about the economy.

via Reuters|

#debt-ceiling #economy #inflation

finance2 years ago•2 min saved

UMich consumer sentiment rise causes gold prices to drop.

Gold prices have fallen over 1% as U.S. consumer sentiment rose to 63.5, beating expectations and adding to expectations that the Federal Reserve will raise interest rates by 25 basis points next month. Consumers see inflation rising 4.6% by this time next year, up from 3.6% reported in March, supporting calls for the Federal Reserve to raise interest rates again next month. Long term, consumers see inflation relatively stable at 2.9%, unchanged for the fifth consecutive month. Markets now see a more than 85% chance that the Federal Reserve will continue to tighten interest rates.

via Kitco NEWS|

#federal-reserve #finance #gold