News@lemmy.world · 9 hours ago

[US] Consumer sentiment hits second lowest reading on record

finance.yahoo.com

[US] Consumer sentiment hits second lowest reading on record

finance.yahoo.com

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News@lemmy.world · 9 hours ago

Consumer sentiment hits second lowest reading on record

finance.yahoo.com

Consumer sentiment continued to decline in May as Americans expect Trump's tariffs to send inflation soaring over the next year.

The latest University of Michigan survey released Friday showed sentiment hit its second lowest reading on record.

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Many consumers won’t have increased optimism in the economy even after the tariff pause.

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